More Electricity Price Hikes on Way

 

Ahmet Tugcu - El-Sen President
[Ahmet Tuğcu – El-Sen President]
Another hike in the price of electricity is on the way, leader of the Cyprus Turkish Electricity Authority Workers’ Union (El-Sen), Ahmet Tuğcu has warned. This follows the recent 15% increase, Kibris Postasi reported.

Speaking on Gökhan Altıner’s “Sabah Postasi” programme on Kibris Postasi TV, Tuğcu explained that due to the Kalecik-3 contract and poor financial management at Kib-Tek, more price increases are inevitable.

He outlined four main reasons for the hikes:

The Kalecik-3 contract with AKSA.

High-interest loans.

Losses in the grid, with one-third of electricity being wasted.

Unpaid debts from privileged groups.

Tuğcu reiterated that without addressing these issues, price hikes will continue and mentioned that after a previous 13% increase, followed by this 15% hike, another one is expected soon.

Kibris Postasi

Other Stories

Ads Blocker Image Powered by Code Help Pro

Ad Blocker Detected

We have detected that you are using extensions to block ads. Please support us by whitelisting our website in your ad blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock