{"id":598121,"date":"2019-05-15T03:41:19","date_gmt":"2019-05-15T03:41:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/"},"modified":"2019-05-15T03:41:19","modified_gmt":"2019-05-15T03:41:19","slug":"home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/","title":{"rendered":"Home electricity prices could rise 30-60% in July as Egypt phases out subsidies"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>Residential electricity prices could increase by 30-60% after the next round of subsidy cuts<\/b> that will take place at the start of the next fiscal year in July, Electricity Ministry officials <a href=\"https:\/\/almalnews.com\/30-%60-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A7%D8%AA-%D9%85%D8%B1%D8%AA%D9%82%D8%A8%D8%A9-%D8%A8%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%88%D9%84%D8%A7-%D8%A7\/\">tell Al Mal<\/a>. All households and businesses will face a price hike with the potential exception of businesses in the agriculture sector. <b>Anyone else want to look into rooftop solar panels?<\/b><\/p>\n<p><b>Prices will rise the least for households in the highest consumption brackets <\/b>as they already receive no subsidies and purchase electricity at a price higher than that of the global market, the newspaper says. Those in the lower consumption tiers will bear the largest increases.<\/p>\n<p><b>Details out soon: <\/b>We cited local news reports <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/13\/government-to-decide-on-new-electricity-rates-by-may-end\/\">on Monday<\/a> that the ministry is expected to officially announce the new rates by the end of the month, but Al Mal\u2019s sources say the announcement will be made in mid-June. We\u2019re keeping our ears to the ground and will publish a breakdown when new details emerge.<\/p>\n<p><b>Background:<\/b> Egypt <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/\">raised its average electricity prices<\/a> for all tiers of industrial, residential, commercial consumers by an average of 26% last July as part of the plan to gradually phase out electricity and fuel subsidies. The plan began in FY2015-2016 with the launch of the IMF-sanctioned economic reform program and is now approaching its fifth, and penultimate round. Electricity subsidies were originally due to be fully lifted this coming fiscal year, but the period was extended to FY2020-21 to avoid placing too much pressure on household budgets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Residential electricity prices could increase by 30-60% after the next round of subsidy cuts that will take place at the start of the next fiscal year in July, Electricity Ministry officials tell Al Mal. All households and businesses will face a price hike with the potential exception of businesses in the agriculture sector. Anyone else [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":598122,"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":[8572],"tags":[2415,93,72,190,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-economic-reform-program","tag-energy","tag-enterpriseam","tag-social-welfare","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"055be85e-29db-4adf-8a72-17f6da30c8d8","is_powered_by":true,"section_story_id":"5b814281-a279-49e5-8824-73f311d02e84","story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/204.jpg","photo_position":"above","related_issue":[598114],"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>Home electricity prices could rise 30-60% in July as Egypt phases out subsidies - 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\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home electricity prices could rise 30-60% in July as Egypt phases out subsidies\" \/>\n<meta property=\"og:description\" content=\"Residential electricity prices could increase by 30-60% after the next round of subsidy cuts that will take place at the start of the next fiscal year in July, Electricity Ministry officials tell Al Mal. All households and businesses will face a price hike with the potential exception of businesses in the agriculture sector. Anyone else [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-15T03:41:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/204.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\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Home electricity prices could rise 30-60% in July as Egypt phases out subsidies\",\"datePublished\":\"2019-05-15T03:41:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/204.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economic reform program\",\"energy\",\"EnterpriseAM\",\"social welfare\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/\",\"name\":\"Home electricity prices could rise 30-60% in July as Egypt phases out subsidies - 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Businesses in the medium, high, and ultra-high consumption tiers\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\/2021\/8\/204.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621033,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/30\/electricity-prices-to-rise-in-july\/","url_meta":{"origin":598121,"position":1},"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":572071,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/10\/electricity-prices-to-rise-16-30-july-but-subsidies-are-with-us-until-2025\/","url_meta":{"origin":598121,"position":2},"title":"Electricity prices to rise 16-30% July, but subsidies are with us until 2025","author":"enterpriseam admin","date":"10 June 2020","format":false,"excerpt":"Your electricity bill will rise by as much as a third in July \u2014 but subsidies won\u2019t be fully lifted for another five years: Average rates for electricity sold to residential consumers will increase between 16-30% from 1 July as the government has fully lifted subsidies on the uppermost consumption\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\/114.jpg?fit=%2C&ssl=1&resize=350%2C200","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":598121,"position":3},"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":572033,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/egypt-what-to-expect-with-the-electricity-price-hikes-coming-in-july\/","url_meta":{"origin":598121,"position":4},"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":[]},{"id":598386,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/23\/government-expects-egp-17-bn-revenues-from-raising-electricity-prices\/","url_meta":{"origin":598121,"position":5},"title":"Government expects EGP 17 bn revenues from raising electricity prices","author":"enterpriseam admin","date":"23 May 2019","format":false,"excerpt":"Government expects EGP 17 bn revenues from higher electricity prices: The government is expecting to take in some EGP 17 bn worth of additional revenues from raising electricity prices in the fiscal year starting 1 July, local press reported. The Finance Ministry will still support the electricity sector in FY2019-2020\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598121","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=598121"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598121\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/598122"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598121"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598121"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}