Electricity subsidies vary from 24% to 88%
The article covers statements made by Egypt's Minister of Electricity and Renewable Energy, Mahmoud Esmat, regarding the support for electricity prices directed at consumers. He clarified that all consumer categories receive support ranging from 24% to 88%, with only one category lacking support—those consuming more than 2,000 kilowatt-hours. He emphasized that the government subsidizes the cost difference of gas between domestic production and global markets, and that electricity production costs are affected by turbine efficiency and fuel consumption. Additionally, he pointed out that ongoing support requires regular review to improve efficiency and reduce losses, thereby easing the burden on the budget, all while considering the social and economic conditions of citizens.
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