The Company is planning to join and enter very soon the EPEX and NORDPOOL European Systems.
First Electric Supply Ltd Company (FES) is the first fully licensed Private Company in Cyprus licensed to sell and supply Electricity to all Consumers. It is also the owner of the only Independent Power Plant in Cyprus, fully operational, and thus being the only Private Company able to provide full vertically integrated services - production and Supply - in Electricity, in Cyprus.
FES operates with a high level of professionalism and transparency in all its activities and transactions, guaranteeing at all times the best customer service for quality and quantity.
FES is the only electricity company in Cyprus that can produce and supply electricity directly. We offer to our Customers competitive prices using the highest efficient production technologies with the best ecology and environmental technology.
Our experience in the field of energy dates back to 2003, with the strategic agreement reached with the Vassilikos Cement Plant, where First Electric installed and operated a power plant.
Based on our specialization and know-how in the field of energy, FES aims to become one of the most reliable and renowned producers and Suppliers of Electricity in Cyprus.
The Company has already installed the first and only private power plant, which is equipped and uses state-of-the-art technology. At the same time, it has secured additional licenses for the construction of a 300MW power plan., which will be able to cover 30-35% of the energy market in Cyprus. With the first Supply License issued in Cyprus by Cyprus Energy Regulatory Authority (CERA.).
FES has already prepared and agreed on the first contracts for the sale of electricity, where according to the legislation each customer has the option to choose its own Supplier.
FES is the only company at this time that can directly supply electricity at very competitive prices giving its unique clientele substantial savings from their Electricity budget. FES contributes fully through its cultural and social profile in the saving of the Environment, emphasizing clean energy and efficient technologies, providing its footprint for a better and healthier global environment.