Electricity Ministry to introduce new fee to power bills starting July
A subsidy cut by any other name? The Electricity Ministry will introduce a new maintenance fee to users’ monthly bills as of July, unnamed officials tell Daily News Egypt. Proceeds will then be allocated to the support and development of the power sector, and particularly to improving energy efficiency in public buildings. The energy efficiency fee will be calculated based on the price per kWh once its implementation is approved by the Egyptian Electrical Utility and Consumer Protection Regulatory Agency. It is no secret that the government is planning to continue moving forward with energy subsidy cuts when the new fiscal year rolls around in July, and the move could be a harbinger of higher prices to come.
And just so we no longer have excuses for not paying our bills, the Electricity Holding Company plans to introduce online payments for electricity bills, according to Al Bawaba.