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Elham AbolFateh

Egypt

Electricity Minister announces new hikes in electricity prices

Tuesday 21/May/2019 - 12:36 PM
Minister of Electricity
Minister of Electricity Mohamed Shaker
Hassnein Tayea
Egypt’s Minister of Electricity Mohamed Shaker announced Tuesday in a press conference new hikes in electricity prices.


According to Shaker، the overall increase reaches 14.9 percent، adding that such increase will be applied starting 1 July 2019.



The minister also affirmed that the new hikes save the country from potential losses that might reach EGP 33.5 billion.

The new prices، according to the minister، come as part of the government’s economic reform program، and they will be effective as of July 1 as follows:

Housing use:

First bracket: From 0 to 50 kilowatts = (30 piasters up from 22).


Second bracket: From 51 kilowatts to 100 = (40 piasters up from 30).


Third bracket: From 0 to 200 kilowatts = (50 piasters up from 36).


Fourth bracket: From 201 to 350 kilowatts = (82 piasters up from 70).


Fifth bracket: From 351 kilowatts to 650 = (100 piasters up from 90).


Sixth bracket: From 651 to 1000 kilowatts = (140 piasters up from 135).


Seventh bracket: From 0 to more than 1000 kilowatts = (145 piasters up from 135).




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