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Elham AbolFateh

Egypt

Shaker reveals new electricity prices today

Tuesday 21/May/2019 - 11:28 AM
Mohamed Shaker
Mohamed Shaker
Nada Moustafa
Electricity and renewable energy minister، Dr. Mohamed Shaker holds on Tuesday a press conference to reveal new 20192020 electricity prices، within the government’s plan to gradually lift subsidies until July 2021.

The new prices will be applied starting next July.

Noteworthy، A joint team from the Ministry of Electricity and Renewable Energy and the Egyptian Electrical Utility and Consumer Protection Regulatory Agency is currently working on plans to gradually phase out electricity subsidies.

A plan has been in place since 2015 to phase out subsidies over a five-year period، but this was later extended until 2021-22 following directives by President Abdel-Fattah Al-Sisi to ease the burden on consumers.

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