Türkiye announces an increase in electricity and gas prices by 25%
ANKARA, April 5 / WAM / The Turkish Energy Market Regulatory Authority announced that a 25% increase in electricity and gas prices will come into effect as of yesterday, Saturday.
The authority said in a statement, “The rise in electricity production and distribution costs led to an increase in retail electricity prices by 25%, and natural gas prices were also increased by 25% on average for household consumers.”
Under this increase, the bill for a home subscriber who consumes 100 kilowatt-hours will rise to 323.8 Turkish liras (6.29 euros).
The authority explained that increases ranging between 5.8% and 24.8% will also apply to consumers in the industrial, commercial and agricultural sectors.
She added that Iran’s tightening restrictions on the passage of ships in the Strait of Hormuz since the US-Israeli attack on it on February 28 contributed to a sharp rise in oil and gas prices in global markets.
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