Electricity Tariffs Increased in Azerbaijan
Azerbaijan's Tariff Council has approved adjustments to domestic electricity tariffs, citing increased production costs linked to natural gas price hikes and the need to enhance the sustainability of electricity services, the council said on January 2.
The new tariffs aim to balance affordability for households with the economic sustainability of the electricity sector.
New Tariff Structure for Households:
- Consumption up to 200 kWh per month: Tariff increased by 0.4 qepik (5%) to 8.4 qepik per kWh.
- Consumption between 200 and 300 kWh per month: Tariff increased by 1 qepik (11.1%) to 10 qepik per kWh.
- Consumption above 300 kWh per month: Tariff increased by 2 qepik (15.4%) to 15 qepik per kWh.
The average household tariff rose by 0.7 qepik (7.8%), with expected monthly cost impacts as follows:
- 65% of households: increase of 45 qepik.
- 20% of households: increase of 1.33 AZN.
- 15% of high-consumption households: increase of 5.61 AZN.
The council emphasized that for the majority of households (65%), the tariff increase is limited to 0.4 qepik (5%) per kWh, reflecting a commitment to keeping basic electricity access affordable.
The new tariff structure takes effect today, aiming to reduce financial pressures on the electricity sector while maintaining service reliability for consumers.
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
-
A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
-
Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
Leave a review