NREA to hike electricity tariffs to EETC by 14.5% to EGP 0.55 per kWh

The New and Renewable Energy Authority (NREA) will begin selling electricity from its plants to the Egyptian Electricity Transmission Company (EETC) at EGP 0.55 per kWh, up 14.5% from EGP 0.48 per kWh, sources from the ministry told the press. The increase, which is the second after the price was hiked from EGP 0.34 per kWh last August, came following approval from the Egyptian Electric Utility & Consumer Protection Regulatory Agency (Egyptera).