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Turkey raised the price of both electricity and natural gas on Saturday, New Year’s Day, Bloomberg reported.
The price increase comes amidst a surge in global energy prices. For electricity, prices have increased between 52% and 130% for households, according to an estimate from Haberturk newspaper.
In a statement issued late Friday, Turkey’s energy markets regulator explained new rates that are being introduced under the gradual fare system.
Under this new system, houses will pay 1.37 liras ($0.09) per kilowatt hour for electricity up to 150 kilowatt hour usage per month and 2.06 liras ($0.14) per kilowatt consumption that exceeds that limit as of Saturday.
Turkey’s state gas company, Botas, also announced the increase in gas prices on a statement published on its website late Friday.
Starting on Saturday, the cost of natural gas is being increased by 25% for households, 15% for power plants and 50% for factories.
