{"id":546055,"date":"2022-04-26T04:06:17","date_gmt":"2022-04-26T04:06:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/"},"modified":"2022-04-26T04:06:17","modified_gmt":"2022-04-26T04:06:17","slug":"electricity-subsidies-live-on","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/","title":{"rendered":"Electricity subsidies live on"},"content":{"rendered":"<p><strong>SETTING THE RECORD STRAIGHT - Electricity subsidies haven\u2019t been phased out<\/strong><strong>.<\/strong> Electricity is and will continue to be subsidized by the state until the planned phase-out in 2025, Electricity Minister Mohamed Shaker was quoted as saying by <a href=\"https:\/\/alborsaanews.com\/2022\/04\/25\/1533302\">Al Borsa<\/a> yesterday. His comments came after <a href=\"https:\/\/www.asharqbusiness.com\/article\/36410\">Bloomberg Asharq<\/a> reported that the government had spent nothing on electricity subsidies over the past two fiscal years, citing a government document.<\/p>\n<p><strong>Subsidies are paid to electricity plants<\/strong> and will cost the state treasury some EGP 76 bn over the next five years, Shaker reportedly said, adding that the state will continue to support low-income citizens to pay their power bills even after prices are fully liberalized.<\/p>\n<p><strong>Phasing out power subsidies has been on the agenda for years:<\/strong> The government first raised electricity prices back in 2014, and two years later committed to implementing further cuts to power subsidies under the three-year, USD 12 bn IMF programme in 2016. It originally planned to fully eliminate subsidies by July 2022, but decided in 2020 to push the date to the same month in <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A7%D9%84%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%89-%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%84%D8%AE%D9%85%D8%B3-%D8%B3%D9%86%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9-9-6-2020-1.pdf\">2025 (pdf)<\/a> to give state-owned companies more time to adjust as part of planned split of the Egyptian Electricity Transmission Company from the Egyptian Electricity Holding Company (EEHC). Prices rose by up to 26% <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8524ce4-c8d0-4b1d-b450-a125c9879398\">last July<\/a>, 16-30% in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78b3ac0c-8571-47a4-802c-abf1b65a5044\">2020<\/a> and by an average of 15% in <a href=\"https:\/\/enterprise.press\/2019\/05\/22\/electricity-prices-rise-15-average-fy2019-2020\/\">2019<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SETTING THE RECORD STRAIGHT - Electricity subsidies haven\u2019t been phased out. Electricity is and will continue to be subsidized by the state until the planned phase-out in 2025, Electricity Minister Mohamed Shaker was quoted as saying by Al Borsa yesterday. His comments came after Bloomberg Asharq reported that the government had spent nothing on electricity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":546056,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[279,244,93,72,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-budget-watch","tag-electricity","tag-energy","tag-enterpriseam","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"e3496a46-3ca8-4030-a63a-f2152d08f953","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/358.jpg","photo_position":"above","related_issue":[546039],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Electricity subsidies live on - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity subsidies live on\" \/>\n<meta property=\"og:description\" content=\"SETTING THE RECORD STRAIGHT - Electricity subsidies haven\u2019t been phased out. Electricity is and will continue to be subsidized by the state until the planned phase-out in 2025, Electricity Minister Mohamed Shaker was quoted as saying by Al Borsa yesterday. His comments came after Bloomberg Asharq reported that the government had spent nothing on electricity [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-26T04:06:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/358.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Electricity subsidies live on\",\"datePublished\":\"2022-04-26T04:06:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/\"},\"wordCount\":216,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/358.jpg?fit=%2C&ssl=1\",\"keywords\":[\"budget watch\",\"electricity\",\"energy\",\"EnterpriseAM\",\"subsidies\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/\",\"name\":\"Electricity subsidies live on - 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Electricity is and will continue to be subsidized by the state until the planned phase-out in 2025, Electricity Minister Mohamed Shaker was quoted as saying by Al Borsa yesterday. His comments came after Bloomberg Asharq reported that the government had spent nothing on electricity [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-04-26T04:06:17+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/358.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Electricity subsidies live on","datePublished":"2022-04-26T04:06:17+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/"},"wordCount":216,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/358.jpg?fit=%2C&ssl=1","keywords":["budget watch","electricity","energy","EnterpriseAM","subsidies"],"articleSection":["Energy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/electricity-subsidies-live-on\/","name":"Electricity subsidies live on - 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The delay would be to reduce\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598342,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/electricity-prices-to-rise-an-average-of-15-in-fy2019-2020\/","url_meta":{"origin":546055,"position":2},"title":"Electricity prices to rise an average of 15% in FY2019-2020","author":"enterpriseam admin","date":"22 May 2019","format":false,"excerpt":"Electricity prices to rise an average of 15% in FY2019-2020: Average electricity prices will rise by 15% from 1 July, Electricity Minister Mohamed Shaker told reporters yesterday. Prices for ultra-high voltage electricity used by steel and iron factories will increase by 10% on average in the coming fiscal year, while\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601255,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/24\/government-to-raise-electricity-prices-next-july\/","url_meta":{"origin":546055,"position":3},"title":"Government to raise electricity prices next July","author":"enterpriseam admin","date":"24 February 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621033,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/30\/electricity-prices-to-rise-in-july\/","url_meta":{"origin":546055,"position":4},"title":"Electricity prices to rise in July","author":"enterpriseam admin","date":"30 May 2024","format":false,"excerpt":"On average, the hikes will exceed 20%, but studies and discussions are still underway to determine the new prices","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2505.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572033,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/egypt-what-to-expect-with-the-electricity-price-hikes-coming-in-july\/","url_meta":{"origin":546055,"position":5},"title":"Egypt: What to expect with the electricity price hikes coming in July","author":"enterpriseam admin","date":"9 June 2020","format":false,"excerpt":"What to expect from the electricity price hikes to be announced today: Electricity Minister Mohamed Shaker has floated two different proposals to the Egyptian Electric Utility and Consumer Protection Agency\u2019s (Egyptera) board of directors for a hike in electricity prices expected to take effect on 1 July, the local press\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/94.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546055"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546055\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546056"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546055"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546055"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}