Back to the complete issue
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%

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.