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Will there be an increase in electricity and natural gas prices? Statement from Minister Bayraktar

Minister of Energy and Natural Resources Alparslan Bayraktar stated that they do not anticipate an increase in electricity and natural gas prices until April. Minister of Energy and Natural Resources Alparslan Bayraktar responded to the question of whether there will be a price increase in electricity and natural gas. Bayraktar used the following statements: “Our goal is not to reflect the incurred costs to our citizens as much as possible. In this sense, we hope to get through the winter without any price increases, without any hikes in natural gas and electricity for households. We do not foresee any increases for households until April.” NEW ERA IN ELECTRICITY Minister Bayraktar was also asked about the regulation that citizens with an annual consumption exceeding 5,000 kilowatt hours cannot benefit from electricity subsidies and the criticisms from the opposition. Bayraktar stated: “The opposition’s claim is based on the usual misinformation and distortion…Only 1.2 million out of 42 million subscribers will be affected by this regulation. The remaining 40.8 million subscribers’ lives will not change in any way. Subscribers exceeding 5,000 kilowatt hours of consumption will be excluded from the support framework from February 2024 onwards.” CRITICAL YEAR FOR AKKUYU Minister Bayraktar mentioned that the commissioning of the Akkuyu Nuclear Power Plant was delayed due to the Russia-Ukraine war, and noted that some equipment supplies were obstructed by European countries. Emphasizing that the supplies are being provided through other channels, Bayraktar said that significant steps will be seen in Akkuyu in 2025. Bayraktar stated: “2025 is a very critical year for us, I can say that the first reactor of Akkuyu, even though it is for testing purposes, will be the most critical year for electricity production. Our goal is to complete this project entirely as soon as possible with 4 reactors.”

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