KIB-TEK announces another increase in the price of electricity

The Cyprus Turkish Electricity Institution (KIB-TEK) have announced another increase in electricity prices, less than one month after the last increment.

Kib-Tek on Thursday, Nov., 30 announced a 7% increase in electricity price just one month after it announced a 15% increase in electricity prices starting from November 1.

The new price will become valid from December 1.

On the other hand, the new increase that will be valid from Friday, Dec., 1 will be the 4th electricity increase of the year, after 3 previous increases in July, August, and November.

Accordingly, in single-time tariff, 0-250 kWs residential tariff increased from 2.5199 TL to 2.6963 TL; 251-500 kWs residential tariff increased from 5.1986 TL to 5.5625 TL; 501-750 kWs residential tariff increased from 5.5897 TL to 5.9810 TL; 751-1000 kWh residential tariff increased from 6.0590 TL to 6.4831 TL, and over 1000 kWh from 7.2321 TL to 7.7383 TL. In the single-time tariff, the government offices tariff increased from 17.1448 TL to 17.5963 TL; The universities tariff increased from 5.1986 TL to 5.5625 TL and the casinos tariff increased from 6.4498 TL to 6.9013 TL.

In the three-time residential tariff, the fees increase from 7.1919 TL to 7.6952 TL during peak hours (between 17.00 and 22.00); It increased from 5.1987 TL to 5.5625 TL during normal hours (between 07.00 - 17.00) and from 3.4270 TL to 3.6668 TL during off-peak hours (between 22.00 - 07.00).