Egypt increases electricity rates
Egypt has implemented new increases in electricity prices, with rises of up to 20% for non-subsidized residential consumption brackets, as part of its efforts to achieve energy system sustainability and alleviate the burden on citizens. The first consumption segment remains unchanged. These increases come after energy costs surged due to the global crisis linked to the war in the Gulf, which led to a doubling of Egypt's energy import bills. Additionally, a drone attack damaged storage units, prompting the government to switch to using more expensive fuel oil during the peak summer demand period.
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