The main objective of CERA is to ensure the smooth operation of the energy market in Cyprus. Following this direction and considering the legislation of the Republic of Cyprus and the European directives, CERA undertakes various initiatives that regulate and oversee the energy market in Cyprus.

Based on new data in the energy sector of Cyprus, the role of CERA is very important and its decisions determine to a large extent the way the energy market operates.

Also, due to the finding of natural gas deposits in Cyprus's Exclusive Economic Zone (EEZ), the role of CERA becomes more important.