Back to the complete issue
Monday, 29 January 2018

Electricity Ministry begins setting new electricity prices for next fiscal year

In case you needed a reminder: Your electricity bills are going up again in July: Under orders from the Electricity Ministry, the Egyptian Electric Utility and Consumer Protection Agency (Egyptera) has begun drawing up figures for the upcoming hike in electricity prices, which is due to hit our bills in July, ministry sources tell Al Shorouk. They tell the newspaper that the hikes for the lowest tier of consumers will be limited to 15%, after it had initially been planned to increase 25%. They say the reduction comes as the government pushed back eliminated subsidies on electricity to 2020, instead of 2019. Other sources tell Al Borsa that Egyptera plans to recommend raising prices 2-10% for residential use, while businesses could see an increase of up to 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; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.