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بوابة الفجر
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Nashaat Al-Dahi on Electricity Price Rise
Nashed El-Deyeh's statements reveal that the decision to raise electricity tariffs was thoroughly studied. The government affirms that it still bears a significant portion of the production costs, with subsidy support to the electricity sector amounting to approximately 271 billion Egyptian pounds. Nevertheless, the increase was applied selectively to the higher consumption brackets to help offset rising costs. It clarifies that these increases do not mean a complete removal of support, as the cost of producing one kilowatt reaches 16 Egyptian pounds, compared to a post-increase selling price of only 2.5 pounds. These economic reforms are essential for fiscal sustainability and for supporting the stability of the state.
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