Nicosia:The Minister of Energy, Commerce and Industry, Michalis Damianos, announced at a conference in Nicosia that the final National Energy and Climate Plan aims to reduce energy poverty in Cyprus by 10% by 2030.

According to Cyprus News Agency, Minister Damianos emphasized the need to strengthen and evolve policies to address energy poverty, focusing on curbing energy costs, improving energy efficiency in homes, and enhancing access to clean and affordable energy for energy-poor households. The plan estimates that nearly 15% of households in Cyprus are affected by energy poverty.

The Cypriot Government remains committed to ensuring that access to affordable energy becomes a reality for all citizens, combining environmental sustainability with social justice. The new European Energy Efficiency Directive mandates that by 2030, 15.1% of the national cumulative energy savings target for final energy consumption must be achieved through measures implemented for households affected by energy poverty and other vulnerable groups.

Minister Damianos highlighted that coordinated action and effective use of financial instruments are essential to achieving these goals, with 2026 being a significant milestone for strengthening the institutional framework for energy poverty.

Mayor of Athens, Haris Doukas, discussed the impact of the Great Sea Interconnector project between Cyprus and Greece, which is expected to reduce electricity prices in Cyprus by 19% and bring annual savings of 138 million euros for consumers in both countries. The project aims to stabilize the power system and increase the use of renewable energy sources.

Meanwhile, Mayor of Nicosia, Charalampos Prountzos, highlighted the role of local authorities in combating energy poverty, noting that the Municipality of Nicosia has developed policy proposals and plans to establish a "One-Stop Shop" for energy poverty to support affected households with information and access to financial resources.