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Tuesday, 28 March 2017

Egyptera committee to recommend hiking electricity prices 15-40%

Electricity regulator to recommend hiking electricity prices 15-40%? A committee from the Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egyptera) is ready to recommend new prices for electricity under the FY2017-18 budget, a source from the agency tells Al Shorouk. The committee is reportedly suggesting hiking tariffs for the lowest consumption tier by 15%, rather than 30%, and for top consumption tiers by 40%. Meanwhile, the newspaper quotes an unnamed Electricity Ministry source as saying the seven residential consumption tiers will see the following price hikes:

  • 0-50 kWh: 20%
  • 51-100 kWh: 25%
  • 101-200 kWh: 30%
  • 201-350 kWh: 35%
  • 351-650 kWh: 30%
  • 651-1000 kWh: 30%
  • Above 1,000 kWh (totally unsubsidized tier): 20%

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