Minister of Electricity and Renewable energy Mohamed Shaker - File Photo
CAIRO – 6 July 2017: The Ministry of Electricity announced the anticipated new electricity tariffs Thursday, with price increases ranging between 15-36 percent depending on the consumption bracket. The new increase in electricity prices will be included in the August bill.
In a press conference, Minister of Electricity Mohamed Shaker said that the new tariffs come as following:
The lowest consumption brackets were not exempted from the hikes, as opposite to fiscal year 2016/17 tariffs when they were exempted from the increase.
Shaker said the household sector consumption shapes 47 percent of the total energy distribution, while the factories get 24 percent.
The power tariff will decline if the dollar exchange rate fell, the minister added.
Infographic on New Electricity Tariffs by Egypt Today/Noha El-Tawil
As part of Egypt’s economic reform program, launched in July 2014 to slash spending on fuel and electricity subsidies, the move attempts to curb an increasing budget deficit.
The application comes gradually as the government announces new prices each fiscal year.