Turkey jacks up electricity, gas prices for New Year
Turkey sharply raised electricity prices by 50-100% for households and companies on Saturday, and again increased monthly natural gas bills, adding to strains in an economy facing soaring overall inflation.

The Energy Market Regulatory Authority said electricity prices were raised around 50% for lower-demand households for 2022, while they were increased by more than 100% for high-demand commercial users.
Natural gas prices jumped 25% for residential use and 50% for industrial use in January, national distributor BOTAS said separately. The price rise was 15% for electricity-generating industrial use.
Turkey's annual inflation jumped above 21% in November and is seen surpassing 30% in December, after a currency crash in recent months brought on by a series of unorthodox interest rate cuts.
Most Read News
-
South Korea, US begin search for remains of Korean war s
-
5 members of far-right terror group arrested in Germany
-
EU countries reach agreement on $170B loan plan to boost
-
US intelligence suggests Israel is preparing strike on I
-
Russia says US plan to build 'Golden Dome' missile defen
-
US stresses 'new era of partnership' in ties with Türkiy
-
5, including 3 children killed, several others injured i
-
Foreign residents in Germany pay 9.5% higher rent than c
-
Israeli army opens fire to intimidate foreign diplomatic
-
Azerbaijan has become 'one of the transport, logistics c