Kıb-Tek increases electricity tariff by 13 percent

The Cyprus Turkish Electricity Authority (Kib-Tek) announced a 13 percent increase in electricity sales fees, effective today.

The announcement also mentioned that deposit amounts and fixed fees, determined by tariff types, have been updated based on the new minimum wage amount. These adjustments take effect from today, June 1.

Under the single-phase residential tariff, the fee per kWh has been raised from 3.3110 TL to 3.7414 TL for consumption between 0-250 kWh. For consumption between 251-500 kWh, the fee has increased from 6.8305 TL to 7.7185 TL. 

Similarly, for 501-750 kWh, the fee has risen from 7.3445 TL to 8.2993 TL, for 751-1000 kWh from 7.9610 TL to 8.9959 TL, and for 1001 kWh and above, it has gone up from 9.5023 TL to 10.7376 TL.

Under the 3-phase residential tariff, during the period between June 1 and October 31, known as the “summer period,” the price per kWh between 23:00 and 09:00, referred to as “off-peak,” has increased from 4.5027 TL to 5.088 TL. 

During the hours of 18:00-23:00, termed “normal,” the price per kWh has risen from 6.8305 TL to 7.7185 TL. 

Similarly, between 09:00 and 18:00, known as “peak hours,” the price per kWh has increased from 9.4493 TL to 10.6778 TL.