Cyprus Energy Regulatory Authority Annual Report 2021

89 Annual Report 2021 Figure 26 - Average price of basic wholesale tariff Average value of basic wholesale tariff with a basic fuel price €300/M.T per exported unit in the trasmission system (€c/kWh) 8.0 8.5 9.0 9.5 10.0 10.5 11.0 2016 2017 2018 2019 2021 9.55 (-4.2%) 9.15 (+1.1%) 9.25 (+2.5%) 9.48 (-2.5%) 9.24 ((total reduction 2016-2021: -8.8%) 2020 (-5.8%) 8.71 The following Figures present data pertaining to the final electricity price for various tariffs (includes the cost of fuel and CO2 emission allowances over €300/MT), as well as data that affect the tariff amounts. Figure 27 presents the analysis of the fuel price adjustment (€¢/kWh) that was charged per kilowatt-hour to Low-Voltage consumer bills from January 2017 to December 2021, regarding fuel, cost of purchasing CO2 emissions allowances and the cost of the Cyprus Organization for Storage and Management of Oil Stock (COSMOS). From June 2020 to January 2021, there was a negative impact on the fuel adjustment cost since the cost of fuel fell below € 300/MT. Figure 27 - Analysis of the cost of fuel adjustment, Low Voltage (€¢/kWh)

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