Economy

Electricity: Illustrative November bill rises by 5%

OLOI TEAM

The illustrative household electricity bill for November 2026 is about 5% higher than the previous month’s, according to the Electricity Authority of Cyprus (EAC). The increase is attributed to a rise in the cost of liquid fuels used to generate electricity.

EAC spokesperson Christina Papadopoulou clarified on 12 November that the comparison uses the example of a family of four consuming 800 kilowatt-hours over two months: the illustrative November bill is compared with one based on a meter reading taken in October. For that example, she cited an indicative price of around 33 cents per kilowatt-hour, including 5% VAT.

The percentage describes the change in this particular example. The amount each household pays depends on its own consumption and tariff.

As Papadopoulou explained, the fuel-price adjustment is made at the end of each month, while bills are issued daily. Changes in international oil prices feed through to electricity costs with a delay because EAC holds fuel stocks covering about two months.

The current fall in international prices is therefore not reflected immediately in electricity bills. Changes in fuel costs remain the factor influencing the next monthly adjustment.

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