{"id":64859,"date":"2022-01-01T00:00:00","date_gmt":"2022-01-01T00:00:00","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=52aca998e24cfe1ec645f12b5ee2a1c1"},"modified":"2022-01-01T00:00:00","modified_gmt":"2022-01-01T00:00:00","slug":"turkey-sharply-raises-electricity-prices-by-50-100-for-households-companies","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/turkey-sharply-raises-electricity-prices-by-50-100-for-households-companies\/","title":{"rendered":"TURKEY SHARPLY RAISES ELECTRICITY PRICES BY 50-100% FOR HOUSEHOLDS, COMPANIES"},"content":{"rendered":"
Turkey sharply raised electricity prices by 50-100% for households and companies on Saturday, and again increased monthly natural gas bills, adding to strains in an economy facing soaring overall inflation.<\/p>\n<\/p>\n
The Energy Market Regulatory Authority said electricity prices were raised around 50% for lower-demand households for 2022, while they were increased by more than 100% for high-demand commercial users.<\/p>\n<\/p>\n
Natural gas prices jumped 25% for residential use and 50% for industrial use in January, national distributor BOTAS said separately. The price rise was 15% for electricity-generating industrial use.<\/p>\n<\/p>\n
Turkey’s annual inflation jumped above 21% in November and is seen surpassing 30% in December, after a currency crash in recent months brought on by a series of unorthodox interest rate cuts.<\/p>\n<\/p>\n
Source: National News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Turkey sharply raised electricity prices by 50-100% for households and companies on Saturday, and again increased monthly natural gas bills, adding to strains in an economy facing soaring overall inflation.The Energy Market Regulatory Authority said el…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n