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Czechia energy report

Czechia energy report
4 files (PDF report, 3 Excel files)
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This analysis includes a comprehensive Czechia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.


  • In its updated NECP, Cyprus included more ambitious targets on renewables, energy efficiency and GHG emissions.
  • The process of liberalising the electricity market is still underway.
  • The national electricity company accounts for 70% of electricity generation.
  • Cyprus has not granted any exploration licences for new gas or oil blocks.
  • Oil accounts for 83% of the power mix (2022).
  • Solar capacity is increasing rapidly and has doubled since 2020, reaching 460 MW in 2022.
  • Cyprus has introduced a VAT rate of 9% for electricity and a temporary reduction in the VAT rate on petrol to 5%.
  • Electricity prices for households has increased by 25% in 2023.
  • Oil still covers most of the country's needs (84% in 2022).
  • Drilling of an appraisal well in the Aphrodite gas field has begun.
  • A new 160 MW oil-fired power plant is under development phase.
cut in GHG emissions by 2030 compared to 2005 levels
share of oil in primary energy consumption (2022)
share of renewables in the power mix (2022)
  • Institutions & Energy Policy

    The Republic of Cyprus represents 70% of the island of Cyprus (the northern part is the Turkish Republic of Northern Cyprus (TRNC)).

  • Energy Companies


    The semi-governmental Natural Gas Public Company (DEFA, or CYGAS) was created in 2007 to manage the import, storage, distribution, transmission, supply and trading of natural gas, and the management of the distribution and supply system of Natural Gas. A decree in 2008 designated DEFA as the sole importer and distributor of natural gas in Cyprus.

  • Energy Supply


    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. Discovered in 2011, the Aphrodite field, located 160 km south of Limassol, and 30 km northwest of the Leviathan field (Israel), is estimated to hold a 124 bcm of gas.

  • Energy Prices


    In 2023, the average price of gasoline was €1.46/l (-5.2%) and that of diesel €1.55/l (-11%). The prices of gasoline and diesel follow international prices. Gasoline and diesel prices decreased between 2018 and 2020 (-8%/year respectively) and then increased rapidly since then (11.5% for gasoline and 12% for diesel).

  • Energy Consumption

    In 2022, Cyprus had a consumption per capita of 1.8 toe, that is still below its peak level of 2.4 toe in 2008 and nearly 40% below the EU average. Electricity consumption per capita was 3 825 kWh in 2022, 14% below its 2010 level and 31% below the EU average.

  • Issues & Prospects

    Following the important discoveries of offshore gas, Cyprus is positioning itself as a gas importer in the medium term.

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2022, %)
  • GRAPH 9: Final consumption market share by sector (2022, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Czechia energy market data since 1990 and up to is included in the Excel file accompanying the Czechia country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Czechia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Czechia energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Czechia country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.