Price of household energy storage power supply in Northern Cyprus

How much energy does Cyprus consume per capita?

They decreased before by 8%/year between 2018 and 2020 In 2023, Cyprus had a consumption per capita of 1.8 toe, i.e., 36% below the EU average. Electricity consumption per capita was 3 900 kWh in 2023, 27% below the EU average. Total energy consumption has remained stable since 2021 (2.2 Mtoe).

Does Cyprus have a solar power plant?

EAC, the national electricity company, accounts for 65% of the installed capacity. Cyprus has not granted any exploration licences for new gas or oil blocks. Oil accounts for 79% of the power mix (2023). Solar capacity is increasing rapidly and has nearly tripled since 2020, reaching 606 MW in 2023. decreased by 10% in 2024.

Who imports natural gas in Cyprus?

A decree in 2008 designated DEFA as the sole importer and distributor of natural gas in Cyprus. Cyprus is totally dependent on imports for its supply in conventional energy. The only national resources are solar, wind and wood. Recent discoveries of offshore gas could radically change the situation.

What did Cyprus achieve in necp 2024?

In its final NECP (2024), Cyprus included more ambitious targets on renewables, energy efficiency, and GHG emissions. The process of liberalising the electricity market is still underway. EAC, the national electricity company, accounts for 65% of the installed capacity. Cyprus has not granted any exploration licences for new gas or oil blocks.

Does Cyprus have oil & gas exploration licences?

Cyprus has not granted any exploration licences for new gas or oil blocks. Oil accounts for 79% of the power mix (2023). Solar capacity is increasing rapidly and has nearly tripled since 2020, reaching 606 MW in 2023. decreased by 10% in 2024. Oil covers most of the country's needs (85% in 2023).

How much oil does Cyprus need in 2023?

Oil covers most of the country's needs (85% in 2023). Cyprus is seeking to tap its gas resources in the Aphrodite and Cronos fields. New CCGT and solar projects are under consideration. The Republic of Cyprus represents 70% of the island of Cyprus (the northern part is the Turkish Republic of Northern Cyprus (TRNC)).