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Energy prices

Turkish Parliament spent $520K on electricity in first 2 months of 2022 as ‘commercial user’

Considered a commercial user, the Turkish Parliament was billed TL 7.6 million ($520,407) for electricity usage in the first two months of 2022, the Sözcü...

Turkey’s trade deficit widens 76.7 percent in March on energy import costs

Turkey's trade deficit surged 76.7 percent year-on-year in March to $8.24 billion, Reuters reported on Monday, citing the Trade Ministry, mainly due to a...

Tax cuts in food and energy prices bring no relief to Turks: survey

An overwhelming majority of Turks said they have perceived no significant change in food or energy prices after recent value added tax (VAT) cuts...

Progressive tax in electricity consumption ‘unconstitutional,’ bar associations say

Seventy-six Turkish bar associations have said in a joint statement regarding recently introduced increases in energy prices that the progressive tax on electricity consumption is...

Turkey’s main opposition party urges gov’t to roll back energy price hikes in nationwide protests

Turkey’s main opposition Republican People’s Party (CHP) on Wednesday organized protests across all provinces, urging the ruling Justice and Development Party (AKP) to withdraw...

Energy prices in Turkey increased 300 percent in last 16 years: watchdog

Turkey’s Chamber of Electrical Engineers (EMO) has announced that energy prices have increased by more than 300 percent in the last 16 years, making Turkey first...

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