Leaders of OEB and CERA met to discuss strategies for reducing electricity costs, focusing on market operation, renewable energy, storage, and smart meters, following the High Level Laboratory on July 15, 2026.
A meeting between the leadership of the Employers and Industrialists Federation (OEB), led by President George Pantelides, and senior management of the Cyprus Energy Regulatory Authority (CERA) took place recently. The discussion centered on the conclusions of the High Level Laboratory on Reducing Electricity Costs, organized by OEB on July 15, 2026, with all stakeholders participating.
The aim of OEB is to continue institutional dialogue, exchange views, and discuss suggestions to improve the electricity market operation and gradually lower energy costs.
The discussion focused on issues from the first year of the Competitive Electricity Market, including the quality and availability of metering data, market clearance procedures, and enhancing transparency and charge predictability.
Specific topics included addressing renewable energy production cuts, accelerating energy storage development, modernizing networks, and utilizing smart meters and dynamic pricing for the benefit of businesses and consumers.
The President of OEB emphasized the importance of stakeholder coordination and cooperation to address high energy costs. OEB will continue to promote initiatives and suggestions aimed at tangible results for the economy and society.
