From June 1st, electricity tariffs have increased in Northern Cyprus

As of June 1st, 2024, new electricity tariffs have come into effect in Northern Cyprus, with an average increase of nearly 13% across the country.

The Cyprus-Turkish Electricity Authority (KIB-TEK) announced a 13% hike in electricity charges for all tariff types. The new rates take effect as of today.

The statement notes that the tariffs have been updated in consideration of the new minimum wage.

The temporary rate per kWh in the single tariff has been raised from 8.2627 to 9.5021 TL.

In the standard tariff for residential customers, the price for 0–250 kilowatt-hours per month has increased from 3.3110 TL to 3.7414 TL;

• for 251–500 kWh, from 6.8305 to 7.7185 TL;
• for 501–750 kWh, from 7.3445 to 8.2993 TL;
• for 751–1000 kWh, from 7.9610 to 8.9959 TL;
• and above 1000 kWh — from 9.5023 to 10.7376 TL.

In the three-phase tariff for residential customers, from June 1st to October 31st, considered the “summer period”:

• During the period from 23:00 to 09:00, the charge per kWh increases from 4.5027 TL to 5.088 TL.
• From 18:00 to 23:00, the charge per kWh increases from 6.8305 TL to 7.7185 TL.
• From 09:00 to 18:00, the charge per kWh increases from 9.4493 TL to 10.6778 TL.

It is worth noting that the last time electricity tariffs increased in Northern Cyprus was on March 1st. As of January 1st, 2024, electricity prices had increased by 15%.

The new minimum wage was set in Northern Cyprus on May 21st, with a 10-day period for objections. On May 31st, after considering objections from employers, the new minimum wage was reduced by 120 lira and currently stands at 29,520 Turkish lira.

Read also: How to pay for electricity in Northern Cyprus?