Explanation to the reactions from Kib -Tek to electrical hike – Cyprus Newspaper

A written statement was made about the reactions following the increase in the 11.66 percent increase in electricity by the Turkish Cypriot Electricity Institution (KIB-TEK).

In a statement made by the Authority, “Following the announcement of the new price regulations that will be valid by the Turkish Cypriot Electricity Authority (KIB-TEK) as of April 1, 2025, different perceptions are tried to be created in the public opinion.

In the statement, the following statements included:

“The Turkish Cypriot Electricity Institution (KIB-TEK) made its previous tariff arrangement on October 1, 2024, 6 months ago.

According to the regulation of the Turkish Cypriot Electricity Institution (Kib-Tek), it is a necessity to arrange a tariff for periods not exceeding 2 months.

Nevertheless, our institution has not gone to price change in tariffs despite all the foreign exchange increases and cost of living for 6 months, considering our citizens.

As it is known, infrastructure development, technical maintenance and fuel expenses, which are the basic expenses of your institution, are made through foreign exchange.

In the last 6 months, an average increase in exchange rates has increased by 12 percent.

In addition, the cost of living was approximately 12 percent.

The new price regulation of our institution was made in parallel with 11.66 percent.

The new price regulation will be valid as of April 1, 2025. ”

« Our technical maintenance continues without interruption »

The statement said, “The Turkish Cypriot people are able to provide uninterrupted service to our people of the Turkish Cypriot Electricity Institution (KIB-TEK) and make new investments and have a sustainable economic structure”.

In the statement called “Our technical maintenance continues without interruption ,, continued as follows:

“The fuel required for the operation of the power plants is supplied regularly. Our stocks about the materials that the institution needs are constantly updated.

Considering that all these investments are made in foreign currency purchases, it will be seen that the effect of fluctuations in exchange rates on price adjustments is inevitable. We ask our citizens to evaluate these data and meet us with understanding. ”