Egypt increases domestic electricity rates
The Egyptian Ministry of Electricity and Renewable Energy announced a new electricity tariff aimed at ensuring the sustainability and financial stability of the electricity sector. The adjustments included fixing the price of the first consumption segment while implementing an average increase of 12% across the remaining segments, with measures to protect lower-consumption brackets from significant hikes. The ministry explained that the government bears approximately 100 billion Egyptian pounds annually as a gap between production costs and consumer prices. Additionally, the proportion of citizens bearing costs has increased from 25% at 50 kWh consumption to 88% at 700-1000 kWh, with full subsidy support reaching 100% when consumption hits 2000 kWh per month. These changes come in response to rising fuel costs and the impacts of global tensions, as the government continues to develop infrastructure and balance support for low-consuming segments with operational cost coverage.
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