Due to the increase in energy production costs caused by EMRA, the final retail sales price of electricity increased by 38 percent for the residential subscriber group, 30 percent for the agricultural activity subscriber group, 38 percent for low-level subscribers in the public and private service sector groups and 20 percent for the high-level groups.
No rate changes were made among industry groups.
– The number of homes has not increased since September 2022
To protect the public from the sharp rise in global energy prices caused by the COVID-19 pandemic, subsidies will be applied to household electricity and natural gas prices starting in 2022. Over the past three years, the subsidy rate applied to household electricity subscribers has been 55%.
With the decision made in this context, this practice will continue through Elektrik Üretim AŞ and BOTAŞ.
Subsidies of 95.8 billion lira were applied to household electricity and natural gas tariffs in 2022 and 2023, while 240 billion lira in financial resources have been allocated to this support this year.
This practice has resulted in no increases in residential electricity rates after September 2022.
Relevant public agencies continue their efforts to normalize energy prices and provide support to those in need without sacrificing subscribers.
– The impact on inflation is expected to be limited
Meanwhile, analysts expect the changes in electricity rates to have only a limited impact on the consumer price index.
The change in housing rates is estimated to have an impact of 0.53 percentage points on inflation in July and 0.67 percentage points on inflation at the end of 2024.
The impact of the residential and commercial tariff hikes on year-end inflation is expected to be 1.1-1.2 percentage points.
