GENERAL

Electricity Costs Increased 500 Percent in One Year

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While electricity prices change every year, the increase in electricity costs in recent years has brought price updates with it. Comparison site encazip.com researched energy costs and the increase in the price of natural gas used in electricity generation from August 2020 to August 2022. According to the study, the cost of electricity has increased by about 500 percent in one year.

The Market Clearing Price, which was 2020 cents in August of 29, increased by 87 percent to 2021 cents in August of 55, and reached 2022 TL in 498 with an increase of 3.3 percent. The Industry National Tariff, which was 2020 cents in 49, was 30 cents in 2021 with a 64 percent increase, while it was recorded as 2022 cents with a 304 percent increase in 2.62. Commercial National Tariff price, which was 2020 cents in 54, rose to 2021 cents in 30 with a 70 percent increase. In 2022, it reached 245 TL with an increase of 2.43 percent. The residential electricity price, which was 2020 cents in 36, increased by 31 percent to 2021 cents in 47. In 2022, it became 236 TL with a 1.59 percent increase.

While the increase in costs continued, the price of natural gas used in electricity production increased from 2020 TL in August 1.4 to 2021 TL in 47 with a 2 percent increase, and to 2022 TL in 567 with a 13.75 percent increase. While the share of natural gas in electricity production was 2020 in 23.6, it increased by 44 percent to 2021 TL in 33.95. In 2022, it increased to 29 and it is predicted that it will continue to increase until the end of the year.