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Tuesday, 9 May 2017

Electricity Ministry to decide on new electricity prices this month

Electricity subsidy phase-out delayed, new prices to be unveiled this month: The Electricity Ministry will announce the new electricity prices this month, with the increases on track to be implemented in July, Al Borsa reports, citing ministry sources. The Egyptian Electricity Utility and Consumer Protection Regulatory Agency (Egyptera)’s new tariffs will take into account consumers’ income level and spending. The sources also say the ministry has decided to continue subsidizing electricity for another five years, rather than completely eliminate the subsidies by 2019 as was previously planned. Subsidies will be lifted within three years for hospitals, hotels, and other high-consumption establishments. The new pricing formula reportedly features four, rather than seven, residential consumption tiers:

  • 0-100 kWh
  • 101-200 kWh
  • 201-600 kWh
  • 601-1000 kWh and above

Price hikes will be implemented across the board, with the increases varying between each tier.

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