Turkey to cut some fixed electricity costs to help consumers

Turkish President Tayyip Erdogan addresses MPs from his ruling AK Party (AKP) during a meeting at the Turkish parliament in Ankara, Turkey, October 27, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS

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ANKARA, Nov 8 (Reuters) – President Tayyip Erdogan said on Monday Turkey would cut two fixed payments from electricity bills to help consumers, adding that his government had already subsidized some energy costs.

Erdogan faces a tough election no later than mid-2023 and his approval ratings have been hit by Turkey’s nearly 20% inflation rate, with the recent surge in commodities such as food and gas.

Officials told Reuters last week that Ankara was preparing a fiscal support package to help low-income households with measures such as raising the minimum wage, alleviating energy costs and raising the salaries of some officials. Read more

Erdogan said after a cabinet meeting in Ankara that the government would scrap a 2% fixed payment on electricity bills for funding state broadcaster TRT and another 1% payment levied for unpaid energy costs.

“By not upsetting the balances of energy companies or victimizing our citizens, we will continue to manage this global energy crisis,” Erdogan said.

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Reporting by Ali Kucukgocmen and Tuvan Gumrukcu; Editing by Alexander Smith

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