23 Hrs
Source:
المشهد العربي
Egypt plans electricity rate hike
The Ministry of Electricity and Renewable Energy in Egypt has decided to increase the prices for the higher consumption brackets by an average of 12%, while keeping the price of the first bracket unchanged. This move aims to support the stability of electricity supply and ensure the financial sustainability of the electricity system. The various consumption tiers cover between 25% to 88% of the total cost, with users consuming more than 2,000 kWh per month bearing the full cost without any subsidy. These increases follow a previous rate hike of between 16% and 20% in April, amidst pressures on the energy sector and rising import costs.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)