Global Courant
The Egyptian cabinet intends to implement a new rise in electricity pricesfrom July 1 due to the increase in natural gas and fuel prices, according to guidelines issued by Prime Minister Mostafa Madbouly in October.
Madbouly had announced in October that it would postpone the application of the electricity price increase to various consumption segments until June 30, in order to prepare a new social protection package, to be introduced on January 1.
The Egyptian government subsidizes electricity for the first four segments with the lowest consumption at half the cost price.
Egypt delayed the increase in electricity prices three times, which led to the state budget running up to nearly LE25 billion due to the rise in natural gas and fuel prices.
The government also announced the implementation of a plan to rationalize electricity consumption in government agencies and various ministries to save gas.
Al-Masry Al-Youm published the new increases in electricity rates, which will be implemented at the end of July:
New electricity prices
The first segment, which starts at zero to 50 kilowatts of electricity consumption per month, currently costs 48 piastres per kilowatt. On July 30, this will be increased to 58 piastres/kW. The second tranche ranges from 51 to 100 kilowatts per month and the current price is 58 piastres/kW. In July that will be 68 piastres/kW. The third tranche ranges from zero to 200 kilowatts per month and the current price is 77 piastres/kW. In July that will be 83 piastres/kW. The fourth tranche ranges from 201 to 350 kilowatts per month and the current price is 106 piastres/kW. In July there are 111 piastres. The fifth tranche ranges from 351 to 650 kilowatts and the current price is 128 piastres. In July it reaches 131 piastres. The sixth tranche ranges from 651 to 1,000 kilowatts. The price remains the same at 140 piastres/kW. The seventh tranche is above 1,000 kW per month. The price remains 145 piastres/kW.
Edited translation of Al-Masry Al-Youm
Electricity rates are higher in Egypt
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