Newsroom
CYTA is preparing an ambitious move into Cyprus’s electricity market, aiming first to serve consumers who cannot install their own photovoltaic systems. The organization’s initial target group includes renters, residents of apartment buildings, and small businesses, customers who typically lack the ability or space to invest in solar panels for personal use.
According to information presented in Parliament, CYTA’s plan is based on supplying electricity at competitive prices by purchasing power generated from renewable energy sources. This approach would allow the company to offer “green” electricity without requiring customers to invest in their own energy infrastructure.
In a later phase, CYTA is expected to explore the creation of a bundled service package combining telecommunications, internet, technology services, and electricity supply under one provider, expanding its role beyond its traditional communications sector.
However, before any of this can proceed, CYTA must clear several major steps. The first is legislative approval: Parliament must pass the bill currently being discussed, which would authorize the Cyprus Telecommunications Authority to operate in the electricity sector.
If the law is approved, CYTA would then need to obtain a supplier license from the Energy Regulatory Authority. While the company’s initial focus appears to be on supplying electricity, it has not ruled out the possibility of eventually becoming involved in electricity generation as well, potentially through renewable energy projects.
CYTA’s possible entry is also expected to trigger scrutiny from competition authorities. Existing electricity market participants have already raised concerns and questions, which could develop into formal objections, arguing that CYTA’s involvement may create conditions of unfair competition. CYTA, for its part, maintains that it is seeking to be treated on equal terms with other market players.
