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Türkiye's Energy Market Regulatory Authority (EPDK) announced on Friday that electricity prices will rise by 25% due to increasing energy production costs, effective from April 5.
In a written statement, EPDK explained that retail electricity prices will rise due to increased electricity production and distribution costs. The new rates are as follows: a 25% increase for residential users, a 15% increase for public and private services, a 10% rise for industrial users, and a 12.4% increase for agricultural activities.
As a result of the increase, a residential subscriber consuming 100 kilowatt-hours of electricity will now pay ?259.04 ($6.74).
Additionally, natural gas prices have also risen, with industrial consumers facing an average 20% increase and electricity generation plants seeing a 24.2% rise in gas prices.
Meanwhile, for residential natural gas consumers, the tariff will remain unchanged, with no price adjustments applied by the Petroleum Pipeline Corporation (BOTAS) for distribution companies in April.
Residential natural gas will continue to cost ?5.631 ($149) per 1,000 cubic meters.
However, BOTAS also announced an increase in wholesale gas prices, with industrial consumers facing a 20% rise and electricity generation plants experiencing a 24.2% hike.
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