Government to raise electricity prices next July

Reminder: Electricity prices are going up again in July: Electricity Minister Mohamed Shaker reminded the House Energy and Environment committee that the government plans to raise electricity prices in July, the local press reports. A government official told us earlier this month that the state spending on subsidies is going to decline toEGP 321 bn in the FY2019-20 budget from EGP 332 in the current fiscal year. The government raised electricity prices by about 26% last July.