Energy: Promises for Tomorrow, Dead Ends for Today

Statement by Vakis Charalambous, Member of the AKEL Central Committee & Head of the AKEL Energy Policy Office

6 July 2026, AKEL C.C. Press Office, Nicosia

Yesterday’s interview with Energy Minister Michalis Damianou in “Kathimerini” newspaper confirmed the Christodoulides government’s inability to provide solutions to the country’s energy dead ends, which were caused by political expediencies, powerful interests, and the incompetence of the Anastasiades–DISY government. Instead of solutions, the Christodoulides government continues down the path it charted from the very moment it took over the country’s governance: the path of vague promises and generalities about the future, but without providing answers for today and the near future.

In the interview with Energy Minister Damianos, the following were confirmed: the stagnation noted in the half-finished project at Vasiliko, the uncertainty regarding the electricity interconnection, the absence of a plan to immediately reduce electricity costs, and the lack of decisions to address the serious danger to electricity supply.

Even regarding the development of Cyprus’s natural gas fields, the government is cultivating unrealistic expectations even before the companies have even made their final investment decisions and without providing any specific information about the content of the agreements it is concluding with them.

The reality is stark. Cyprus remains the only energy-isolated country in the EU; households and businesses continue to pay some of the highest electricity bills, and energy security is under threat.

After more than three years in office, the Christodoulides government cannot keep postponing solutions to some vague future and shifting the blame—which is glaringly evident—onto the previous government.

Once again, we are sending out a dramatic SOS regarding the need to adopt and implement immediate measures, because our country is truly at risk of running out of electricity, and consumers will end up paying an even higher price.