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Türkiye lifted electricity and natural gas tariffs for households and businesses on Friday as rising global energy costs, with ongoing shipping disruptions in the Strait of Hormuz, continue to weigh on markets amid the Iran war.
Although Türkiye has not been strained by a supply shortage, as its reliance on the vital energy corridor remained manageable, soaring global costs pushed authorities to adjust tariffs, with the new tariffs taking effect nationwide on April 4.
According to the adjustment made by the country's energy market regulator, electricity prices rose by 25% for residential users, 17.5% for public and private service sectors, 5.8% for industrial subscribers and 24.8% for agricultural users.
Under the new rates, a household consuming 100 kilowatt-hours of electricity will pay ₺323.8 ($7.26), the regulator noted.
Natural gas tariffs also increased in line with wholesale prices announced by the state pipeline operator Botas. Residential consumers face an average 25% rise, while industrial users see prices increase by 18.61%. Gas used in electricity generation climbed by 19.42%.
The tiered tariff system for residential users, which shifts pricing toward consumption-based levels, will continue to be in place for both electricity and natural gas, applying different rates depending on usage and aiming to balance demand and cost distribution.
In remarks in March, Energy Minister Alparslan Bayraktar said Türkiye has not faced a significant energy disruption despite the effective closure of the Strait of Hormuz since the start of the war, and denied reports that Iran halted pipeline gas deliveries after an Israeli airstrike hit the South Pars gas field.
However, he noted that each $1 increase in the price of a barrel of oil adds $400 million to Türkiye’s energy bill. Türkiye allocated ₺305 billion ($6.87 billion) for energy support in 2026, but the figure could rise to ₺925 billion ($20.86 billion) if the crisis persists, with authorities set to review costs in April while continuing to shield consumers.
Since the war began, international benchmark Brent has nearly doubled to around $109 per barrel, while European gas futures at the Dutch TTF hub have followed a similar trajectory, rising above €50 per megawatt hour ($57.58).
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