Turkey ranks top in electricity price increase

From 2003 to 2019, the increase in the electricity prices in Turkey has been 307 percent, listing Turkey as the country with the highest electricity price increase among OECD countries
Monday, 29 July 2019 14:09

Turkey's Electrical Engineers Chamber Izmir Branch announced that Turkey has been the country with the highest energy prices in OECD countries.

In the last 16-year, the average price of energy, including electricity, gas, and fuel increased by more than 3 times. The chamber said the impact of the privatization of electric distribution regions is high on the price increase.

In fact, the distribution price has multiplied by five since 2009, the statement of the chamber notes.

According to the OECD's 2015 based energy index study, Turkey's index value has increased to 148.8 in May 2019 from 36.6 in 2003. Within the same period, while the OECD average increase is 75 percent, the increase in Turkey has been 307 percent.

The chair of TMMOB (The Union of Chambers of Turkish Engineers and Architects) Chamber of Mechanical Engineers, Yunur Yener, also stated recently that new increases in electricity and natural gas prices are on the agenda of the government because of the policies protecting private companies instead of the people.