The Electricity Ministry raised electric vehicle charging tariffs under a new set of rules, allowing operators to charge more for both slow and fast public charging, according to a decision published in the Official Gazette. The new rules — which don’t affect home charging rates — are meant to encourage the development of EV infrastructure and address profitability concerns of charging infrastructure firms.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The details: Charging stations will continue to buy electricity at the same price paid by other customers connected to the same voltage level. For alternating current (AC) charging stations with a capacity of up to 22 kW, operators can now charge end users 45% above the supply price — meaning consumers will be charged at 1.45 times what stations pay.

Direct current (DC) fast-charging stations will see a much larger jump. Operators are now allowed to charge consumers 180% above the supply price, or 2.8 times the price they pay to distribution companies. The higher markup is due to the cost of building and operating fast-charging infrastructure.

REMEMBER- The government had been considering raising the price for fast charging in efforts to push companies operating in EV charging to expand their footprint. Operators of charging stations had requested an increase of 40% to the fee last year.

Home charging will remain the cheapest option for EV owners, coming at around EGP 1 per kWh, or about EGP 190 for 200 kWh, enough to cover around 1k km. Charging at an AC station without a rental fee will cost around EGP 1.69 per kWh, or EGP 338 for 200 kWh, while AC stations with a rental fee will cost around EGP 1.86 per kWh, or roughly EGP 372 for 200 kWh. Fast-charging DC stations will be the most expensive, with a price tag of about EGP 3.75 per kWh, or roughly EGP 750 for 1k km.

Tags: