The need to ensure affordable electricity, strengthening energy security, and promoting a fair and flexible energy transition were at the center of discussions at the European Union (EU), in which the Minister of Energy, Trade, and Industry, Michalis Damianos, participated on Thursday in Luxembourg.
The minister held two trilateral meetings with Greek Minister of Environment and Energy Stavros Papastavrou, European Commissioner for Energy and Housing Dan Jørgensen, and with Dara O’Brien, Ireland’s Minister for Climate, Energy, and the Environment and Minister for Transport, whose country currently holds the Presidency of the Council of the EU. The main topic of discussion with both the Commission and the Presidency was the progress of the Cyprus-Greece electricity interconnection (GSI).
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During the Energy Council meeting, the Minister, speaking on behalf of Cyprus, emphasized the need for the energy transition to deliver tangible benefits to citizens and businesses, contributing significantly to reducing energy costs and maintaining the competitiveness of the European economy, while respecting national differences and the needs of all member states.
Looking ahead to the winter of 2026–2027, he emphasized the importance of better coordination among Member States and systematic preparation for potential disruptions in energy supply. At the same time, he highlighted the need to strengthen the resilience of energy systems and to take Cyprus’s specific circumstances into account in European planning.
Regarding the post-2030 energy policy framework, Mr. Damianos supported the adoption of realistic targets that can be adjusted to take into account national circumstances, available infrastructure, and the cost of the energy transition. He made special mention of the importance of energy storage, strengthening power grids, and developing interconnections to ensure energy security and a smooth transition to cleaner forms of energy. Finally, he welcomed recent developments regarding the Cyprus-Greece power interconnection.
In the context of the discussion on electricity network charges, he emphasized the need for greater transparency and more efficient use of the networks, while maintaining sufficient flexibility for member states and respecting national competences in the area of taxation.
Source: KYPE
