The installation of smart electricity meters across Cyprus is progressing faster than originally planned, with implementation exceeding initial targets, according to data from the Electricity Authority of Cyprus.
The Regulatory Authority for Energy had set a target of installing 250,000 smart meters by June 2026. To date, approximately 220,000 meters have already been installed.
Based on estimates by the Electricity Authority, the overall goal of installing 400,000 smart meters nationwide is expected to be reached well before January 2027, which is the project’s final deadline. At the same time, all necessary procedures are under way to secure funding of €48 million from the Recovery and Resilience Facility.
The rollout has so far proceeded smoothly, with no technical issues reported. Consumers who already have a smart meter installed can access the Electricity Authority’s website to view their consumption history through their personal profile.
What changes for consumers
Smart meters automatically record electricity consumption and transmit data between the consumer and the electricity provider in real time.
The new meters are installed in the same locations as existing ones and are similar in size to current systems.
Once the smart meter network is fully operational, it will allow for the detection of electricity theft and enable consumers to better manage their energy use based on price fluctuations throughout the day.
For example, if electricity prices are lower during night hours, consumers will be able to adjust the operation of appliances accordingly, reducing overall costs.
Consumers will also be able to monitor their electricity consumption in real time through digital devices. A dedicated mobile application is expected to be launched in the near future.
Key features of smart meters
- Consumption data is collected remotely, without the need for on site meter readings.
- Electricity supply can be disconnected and reconnected remotely, without a technician visit.
- Flexible tariffs can be applied, offering lower charges during specific hours.
- Electricity theft can be detected immediately through automated system alerts.
- Consumers receive instant updates on usage, allowing better adjustment to off peak hours.
- Continuous monitoring of network quality, including voltage and frequency, is enabled.
- Faults and irregularities in the grid can be identified more quickly, improving response times.
Benefits for consumers
According to the Electricity Authority, smart meters offer several advantages, including more accurate billing, real time consumption updates, load management capabilities, potential cost savings, faster fault restoration, prepaid electricity options, and improved customer service.
Where installations continue next
By the end of January, smart meter installations are continuing in the following areas:
Nicosia
- Strovolos
- Area between Strovolos Avenue, Grivas Digenis Avenue, Agios Prokopios Street, and Archangel Michael Street
Limassol
- Areas on both sides of Archbishop Leontios Avenue
- Area between Archbishop Makarios III Avenue and Monis Machairas, Tagmatarchou Pouliou, Demosthenous Mitsi, Navarinou, Gladstonos, Agias Zonis, and Thessalonikis streets
Larnaca
- Coastal areas of Larnaca, Livadia, Oroklini, and Pyla
- Both sides of Ammochostou Avenue, Dhekelia Road
Famagusta District
Paralimni
- Both sides of Protaras Avenue near Agia Varvara Church
- Kapparis area from the Agia Triada roundabout to Konstantinos Karamanlis Street
Protaras
- Both sides of the Protaras–Cape Greco road from Protaras Avenue to Symis Street
- Prophet Elias area
Paphos
- Both sides of Tombs of the Kings Avenue, between Apostolou Pavlou Avenue and the municipal boundaries of Chlorakas