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بوابة أخبار اليوم
Egypt spends 100 billion pounds on electricity subsidies
The Ministry of Electricity and Renewable Energy confirmed that the state bears an annual cost of 100 billion Egyptian pounds to support citizens' bills, due to the gap between the cost of producing one kilowatt-hour and the new retail prices that have been approved. It is explained that citizens' share of the cost increases with higher consumption, where the subscriber pays a percentage ranging from 25% when consuming 50 kilowatt-hours to 88% for consumption between 700 and 1,000 kilowatt-hours, reaching 100% at 2,000 kilowatt-hours. Additionally, the ministry has decided to fix the price of the first tier of the tariff, while adjusting the tariffs for the other tiers, aiming to balance production costs, support consumers, and reduce burdens, along with a 12% increase in the average tariff rate.
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