Increase in electricity and natural gas

On the last day of summer, electricity and natural gas prices increased. Petroleum Transport Inc. with Pipelines (BOTAŞ) and Energy Market Regulatory Authority (EMRA) announced that there has been a 20 percent increase in electricity and natural gas prices.

In the statement made by EMRA, it was announced that 20 percent increase was made for the residential and agricultural activities subscriber groups, 30 percent for the public and private services sector and other subscribers, and 50 percent for the industrial subscriber group.

In the statement made by BOTAŞ,20.4,k percent to the natural gas used in the buildings47.6, s to the natural gas used in small and medium-sized enterprisesto the gas used in the main an average of 50.8 percent and eIt was reported that the price of natural gas used for electricity production was increased by 49.5 percent.

The aforementioned hikes will be effective as of September 1, 2022 (Today).

In the statement made by EMRA and BOTAŞ, the increasing energy costs due to the epidemic and war all over the world were pointed out.

EMRA: ‘Global energy crisis’ has also negatively affected energy production costs in our country

Pointing out that there were extraordinary increases in all raw material prices in this process, which is also interpreted as the ‘global energy crisis’, the following was noted:

“This situation also negatively affected the energy production costs in our country. Especially in recent months, due to the increase in energy raw material prices in global markets, 20 percent for residential and agricultural activities subscriber groups, and 30 percent for public and private services sector and other subscriber groups in the final electricity tariffs. With this increase, the amount to be paid for a residential subscriber with 100 kilowatt-hour electricity consumption became 173.46 liras.

BOTAŞ: There was an increase of up to 2000 percent in natural gas prices in global markets

As it is known, natural gas is an imported energy source, and more than 99 percent of it is supplied from foreign supply sources within the framework of international agreements.

Due to the increasing natural gas demand with the decrease of the effect of the pandemic in the world, there has been a high increase in natural gas prices in the global energy markets, and this situation is well known and followed by the public. In addition, the rise in natural gas prices continued to increase after the war between Russia, which is Europe’s largest natural gas supplier, and Ukraine, and there was an increase of up to 2000 percent in natural gas prices in global markets compared to the pre-pandemic period. On the other hand, high natural gas prices in global markets have not been reflected to our consumers at the same rate until today.

On the other hand, according to the independent publication Household Energy Price Index (HEPI-Household Energy Price Index) and EUROSTAT data, natural gas with the lowest price among European countries is used in residences and industrial establishments.

As of September 1, 2022, unfortunately, it has become mandatory to make a regulation in natural gas sales prices in a way that will affect our consumers at the minimum level within the framework of possibilities.

In this context, effective from 1 September 2022;

-An average of 20.4 percent in the final sales prices of natural gas used in residences.

-An average of 47.6 percent in the final sales prices of natural gas used in Small and Medium-Sized Enterprises

– An average of 50.8 percent in the final sales prices of natural gas used in industry

– Average 49.5 percent of the final sales prices of natural gas used for electricity generation

rate was increased.

Despite these increases, more than 80 percent support continues to be given to our consumers, especially in natural gas used in residences.