F.E. FirstElectric Supply Ltd. is the first licensed independent electricity supplier in Cyprus. The company is licensed since 2018, from the Cyprus Energy Regulatory Authority (CERA), to participate as independent electricity supplier in the Cyprus electricity market during the transitional period but also after its full liberalisation.

The sister company, W2E1 Ltd., registered as electricity producer, is operating the first private large scale conventional power plant of the island. Through the years, the gained knowledge and expertise in the energy sector made First Electric and W2E1 leading participants in the electricity market of Cyprus.

First Electric’s experience in the energy sector dates back to 2003, which through a strategic agreement with Vassiliko Cement Works, supplied, installed and operated a 6 MW diesel power station which supplied more than 25% of the energy required by the cement factory. The company by performing detailed techno-economic studies with highly prominent international consultants has prepared its strategic business plan. Throughout the following years after our initial engagements have entered into agreement and cooperation with some of the most reputable and well-established companies in the field of the electricity production, like Wartsila, MAN and others.

Through private Power Purchase Agreements (PPAs), First Electric is able to offer competitive electricity tariffs, while meeting all requirements and exceeding customers’ expectations. As a result, First Electric has built a reputation on providing a superior customer experience, while offering competitive pricing, convenient billing and payment options, and reliable equipment service.

Switching to First Electric company will have:
– No impact on the electricity supply neither at the switching stage nor in the future; the customers are still connected on the same electricity grid with their existing electricity meter
– Zero hassle; First Electric will arrange for all paperwork and inform the customer on the proposed switching date
– Great savings through the reduction of the electricity utility cost






Simos Galatariotis



Costas Partasides


General Manager

Antonis Ioannou