Electricity prices will drop 7.3 per cent compared to the previous month, the Electricity Authority of Cyprus (EAC) said on Tuesday.
The fall in price will be seen in bills consumers will receive in February.
Spokeswoman Christina Papadopoulou said the drop is attributed to a fall in international fuel prices.
Over the past 12 months, there has been a 23 per cent fall in electricity bill prices and 32 per cent over the past two years, she said.
Since three years ago, the price of consumer bills has been slashed by over 40 per cent, Papadopoulou said.
A breather period where vulnerable groups would not face power cuts due to unpaid bills during the holiday period has now ended, she added.
People at risk of having their power switched off will receive text messages beforehand as a warning.
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