On October 1, 2024, new electricity tariffs officially came into force in Northern Cyprus, which affected all consumers - both individuals and companies. According to the Turkish Cypriot Electricity Authority (KIB-TEK), electricity prices have increased by 15% for all tariff types. Fixed commissions also increased, which were raised by 19.19%, which is associated with a change in the level of the minimum wage.
Major changes in electricity tariffs:
One-time tariff : fee for 1 kW/h increased from 10.7374 to 12.3480 TL.
Standard tariff for the population:
- 0–250 kWh per month: price increased from 3.7414 to 4.3026 TL.
- 251–500 kW/h : from 7.7185 to 8.8763 TL.
- 501–750 kW/h : from 8.2993 to 9.5442 TL.
- 751–1000 kW/h : from 8.9959 to 10.3453 TL.
- Over 1000 kW/h : from 10.7376 to 12.3482 TL.
Why did the increase happen?
This increase is due to economic changes in Northern Cyprus, including a rise in the minimum wage, which has forced KIB-TEK to update its tariffs. The last such increase was in June 2024, when tariffs increased by an average of 13%.
FAQ:
1. Why did electricity tariffs increase?
Tariffs were increased due to increases in the minimum wage and general economic changes affecting the supply of electricity.
2. Who will benefit from the increase?
The increase applies to all categories of consumers, including private homes, companies and industrial enterprises.
3. How will the change affect monthly bills?
For the average family consuming up to 250 kWh per month, bills will increase by 15%. For those who consume more, the increase will be even more noticeable.
4. Are there benefits for socially disadvantaged groups of the population?
At the moment, there has been no information about the introduction of benefits or subsidies for certain categories of citizens.
