Economy · Cyprus

RAEK fines AHK Distribution €500,000 for delays in meter data submission

5 sourcesFirst reported 4 days agoUpdated 4 days ago

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The Regulatory Authority for Energy in Cyprus (ΡΑΕΚ) imposed a fine of €500,000 on the Electricity Authority of Cyprus (ΑΗΚ) for failing to submit required metering data. The fine is due to 153 days of delays in providing the necessary data for the electricity market. Additionally, an ongoing penalty of €500 per day will apply for as long as the delays continue. The decision has been acknowledged by industry representatives as a recognition of operational issues that have led to financial burdens. The fine was publicly disclosed by ΡΑΕΚ on July 17, 2026.

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The Regulatory Authority for Energy in Cyprus (RAEK) has imposed a substantial fine of €500,000 on the Electricity Authority of Cyprus Distribution (ΑΗΚ Διανομή) due to significant delays in submitting the necessary metering data for the electricity market. These delays reportedly lasted for 153 days, impacting the operations of the competitive electricity market and raising concerns among supply companies regarding operational dysfunctions.

In addition to the initial fine, RAEK has instituted a daily penalty of €500 for each day that the submission of the required metering data remains outstanding. The decision reflects RAEK's commitment to ensuring compliance and accountability within the energy sector. The issue has prompted responses from industry groups, such as the Supply Companies Association (ΣΕΠΗΕ), which views the fine as a positive development that acknowledges the operational challenges that suppliers have faced during this period. The association expressed satisfaction with the regulatory actions and the ongoing dialogue within the industry.

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RAEK fines AHK Distribution €500,000 for delays in meter data submission

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