Kibkom North Cyprus Forum

laptawrinkly wrote: ↑

Wed 02 Mar 2022 11:12 am

Attached the new tariffs from KIBTEC (https://www.kibtek.com/tarifeler/) along with easy guide to kw charging range - the price increases the more kw you use. According to the new tariff, the rate of increase varies between 150% and 400%. https://www.kibrisgazetesi.com/kibris/b ... 25455.html

Kıbrıs Gazetesi

Some estimates in KIBRIS paper suggests:
"...the monthly average electrical energy consumed by a family of four, without escaping to luxury consumption but within humanitarian needs, is 660 kilowatts per month, and when the fixed fee, street lighting, municipality and VAT are added to this, it is 750 TL according to the old tariff. , said that according to the new tariff, it was billed as 1,615 TL." https://www.kibrisgazetesi.com/kibris/4 ... 25446.html


new electic prices.jpg

laptawrinkly wrote: ↑

Wed 02 Mar 2022 1:49 pm

When we moved here 27 years ago, you were lucky if you had less than 4 hrs of power cuts a day, some days 8-14 or more hours of cuts. While the infrastructure has been improved greatly, the issue with KIBTEK is systemic beyond a fix simply with price rises;

* they have far too many employees to pay and much of their 'work' is done as overtime, hence the additional costs. I saw in the KIBRIS paper in Sept 2021 alone, the government overtime bill was something in the 'hundreds of thousands of €' when you converted it. That was just one month!
* they also have a huge number of 'pensioners/retired' to pay.
* it is badly managed as an institution, at one point recently they had no 'wire or cables' and worryingly due to government policy, recovers a fraction of what it costs to actually produce our electricity. This means before any unpaid bills/debt is taken into account, it is losing hundreds of millions of TL a month to produce electric.
* It is owed at least 800,000,000 TL by various public (government offices, municipalities, etc) and private (hotels, casinos, shops etc) which accumulates, and in real terms devalues as the TL fluctuates, losing more as oil is paid in hard currency $.
* Of course how we produce electric using oil is another matter. Friends tell me they are now limiting how many solar panels you can have and what you get back from KIBTEC; this is almost certainly a union driven 'demand' to stop alternative energy development and potential job losses. The union also stopped the privatisation of KIBTEK.
* Preventing solar energy is ludicrous given where we are, and more can be done to persuade homes to have solar energy -subsidies would help and cheaper than building new power stations or the 'mains extension lead from Turkey under the sea'!- or solar farms, or wind energy.

As many have said, the less fortunate will suffer in the main, but while prices are cheaper than the UK, many ex-pats on fixed pensions will also struggle. Already restaurants are putting prices up, not just because of the TL issue, so it will have a wider impact.