Shenzhen Hongjiali New Energy Co., Ltd.

Shenzhen Hongjiali New Energy Co., Ltd.

Turkey raises electricity prices, industrial electricity prices by 50%

2022 10/19


Turkey raises electricity prices, industrial electricity prices by 50%


[EV, fast charging stations, home charger, electricity prices]


Source: Cable Network
[Cable Network News] According to Turkish media reports, since September 1, local time, Turkey has raised natural gas and electricity prices. The price of natural gas for civil use increased by 20.4%, and the price of industrial gas increased by 50.8%. Residential electricity prices will increase by 20%, industrial electricity prices will increase by 50%, and commercial electricity prices will increase by 30%.
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Turkey currently has one of the highest inflation rates in the world, and rising gas and electricity prices will add to inflationary pressures. In July 2022, Turkey's consumer price index (CPI) rose 79.6 percent from a year earlier, hitting a new high since September 1998, data from the Turkish Statistical Institute showed.