ANKARA (Dow Jones)--Turkish energy markets regulator EPDK said Thursday it has approved an application to raise the price of electricity sold to consumers which increases prices by an average 9.23%, the Ihlas News Agency, or IHA, reported.
The price of electricity sold to households will rise by 9.07%, price of power sold to industry will be up by 9.27% and commercial power prices will increase by 9.35%.
The price hikes which followed approval of an application by state wholesale power producer TETAS to increase electricity prices by 34%, will be valid from Oct. 1.
The wholesale electricity price hike is expected to increase consumer inflation, which is still above 10% on an annual basis.
Meanwhile, Turkish press reported earlier Thursday that a 10% rise is also expected on natural gas prices.
Several other electricity and natural gas price hikes have already fueled inflation so far.
The EPDK approved a 12.7% wholesale electricity price hike in June.