Cyprus needs energy transformation in 2025 - CYPRUS MAIL

Sunday 22 December | 16:41

Dr Charles Ellinas

Energy was constantly in the news in 2024, but serious progress was limited.

By far the biggest success was the ‘Photovoltaics (PV) for All’ scheme. With the failure of utility-scale renewables (RES) projects to contribute constructively to Cyprus’ energy mix so far, ‘Photovoltaics for All’ has enormous potential to increase RES penetration and significantly reduce the cost of electricity to those that participate, as well as reduce emissions into the atmosphere. This scheme will continue and household demand to participate in the scheme will increase in 2025.

But where Cyprus really needs to see progress is in the perennial problem of high electricity prices. These remain some of the highest in Europe.

Based on purchasing power parity, in 2024 Cyprus had the second highest household electricity price in Europe, largely due to taxation. Tax accounted for just under 35 per cent of the price, the fourth highest in Europe and well above the corresponding EU average, of about 23 per cent. In Greece this percentage was only around 15 per cent. Bringing taxes and levies down to Greece’s level, could slash electricity prices from 33 cents/kWh to 25 cents/kWh.

Why Turkey supports TurkStream, TANAP? - ANADOLU AGENCY

11.01.2018 

Murat Temizer

With TANAP and TurkStream, Turkey will gain spare capacity for extra gas imports from new sources and for future re-exports

ANKARA - Turkey's new supply sources with new TANAP and TurkStream natural gas pipelines will help supply security and help meet demand surges in line with the Turkish government's energy policy to diversify sources, according to the latest report of the Oxford Institute for Energy Studies (OIES) on Thursday.

The Gas Supply Changes in Turkey report written by Gulmira Rzayeva, a fellow in the OIES discerned that the Turkish government is in the process of making significant structural changes to the country’s energy sector and the country expects two natural gas pipeline projects to be operational in the near future.

Energy ministry aims for LNG by 2020 - CYPRUS MAIL

September 29, 2017

Evie Andreou

The government aims to bring liquefied natural gas (LNG) to Cyprus by 2020 for cheaper and cleaner energy, the Permanent Secretary of the Ministry of Energy Stelios Himonas said on Friday.

Speaking at a press conference in Limassol, on LNG, Himonas said that studies carried out under two programmes will contribute to the realization of the country’s energy goals and the arrival of natural gas in Cyprus.

Turkey getting to grips with energy puzzle - IN CYPRUS / CYPRUS WEEKLY

April 30, 2017
Dr Charles Ellinas

Energy supply security concerns led Turkey to revise its policy by reducing the share of imported gas and increasing the share of domestically- produced energy resources in the energy mix, mainly hydropower, coal, lignite, wind and solar energy, particularly in the power generation sector.

This was also the subject of a recent report by the Oxford Institute of Energy Studies. Given that Turkey is considered to be a potentially important market for East Med gas, I review the findings of the report and assess the impact on our region.

Energy diversification top priority for Turkey, Minister Albayrak says - DAILY SABAH / ANADOLU AGENCY

AA Photo

HOUSTON, TX, 8 March 2018

Turkey's main goal in the energy sector is diversification, Energy Minister Berat Albayrak told a U.S. conference Tuesday.

"More than half of our electricity generation is from gas," he told the IHS CERAWeek energy conference in Houston, Texas. "This can't be sustainable, so we changed this strategy.

"We are aiming to diversify our natural gas portfolio in the following years."

The last 15 years have seen Turkey's GDP rise from $200 billion to more than $800 billion, while public debt to GDP ratio shrunk from 80 percent in 2002 to around 30 percent today.

"You have to invest in energy to meet this growth and your growth targets," Albayrak said.