Cyprus energy suppliers back competitive market to lower electricity costs

The Cyprus Association of Electricity Suppliers’ Representatives (Sepie) on Thursday said that a competitive electricity market remains the most efficient model for achieving lower costs for consumers and a sustainable energy transition.

In its announcement, which followed recent public debate over potential changes to market design, the association reaffirmed that the competitive electricity market model applied across the European Union constitutes “the most efficient, transparent and effective model of market operation”.