3 Days
Source:
المصري اليوم
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Electricity Minister Explains Meter Price Hike
The explanation provided by the Minister of Electricity and Renewable Energy, Mahmoud Saïmat, regarding the increases in prepaid electricity meter charges is due to the transition of subscribers between consumption tiers. Support rates vary depending on the tier, with seven tiers showing support ranging from 24% to 88%. The increases include higher consumption costs for subscribers with increased usage, especially since the tiers are designed to start from zero, which could generate additional revenues of approximately 17 billion Egyptian pounds. He also clarified that the cost of electricity production is influenced by fuel prices, and that the state subsidizes part of the gap between production cost and selling prices to ease the burden on citizens, along with reviewing the support system and improving operational efficiency.
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