Back to the complete issue
Tuesday, 22 June 2021

Your electricity bill is going up

Your electricity bill is going up on 1 July — here’s how much you can expect to pay: Residential electricity bills are going up by as much as 26% at the start of the state’s new fiscal year on 1 July as the Sisi administration pushes ahead with its plan to gradually phase out electricity subsidies by 2025.

The new pricing structure for household customers:

  • The first 0-50 KWh/month will be charged EGP 0.48/KWh, up 26%.
  • The next 51-100 KWh/month at EGP 0.58 / KWh, up 20.8 %.
  • The next 101-200 KWh/month at EGP 0.77 / KWh, up 18.5%.
  • The next 201-350 KWh/month at EGP 1.06 / KWh, up 10.4%.
  • The next 351-650 KWh/month at EGP 1.28 / KWh, up 8.5%.
  • Those consuming more that 1,000 KWh per month will continue to be charged EGP 1.45 / KWh.

Tap or click here (pdf) the Electricity Ministry’s summary of its plan phase-out electricity subsidies, including figures for the coming fiscal years. Al Mal also has the story.

Background: The government had originally planned to fully eliminate subsidies by July 2022, but decided last summer to push the date to the same month in 2025. The delay came as authorities looked to give state-owned companies more time to adjust as part of planned split of the Egyptian Electricity Transmission Company from the Egyptian Electricity Holding Company (EEHC). Electricity Minister Mohamed Shaker previously said his ministry wants to avoid putting too much pressure on household consumers. Prices rose 16-30% last July and by an average of 15% in 2019.

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.