{"id":598291,"date":"2019-05-21T02:11:10","date_gmt":"2019-05-21T02:11:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/egypts-industry-could-catch-a-break-from-high-electricity-prices-govt-to-announce-new-rates-in-days\/"},"modified":"2019-05-21T02:11:10","modified_gmt":"2019-05-21T02:11:10","slug":"egypts-industry-could-catch-a-break-from-high-electricity-prices-govt-to-announce-new-rates-in-days","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/egypts-industry-could-catch-a-break-from-high-electricity-prices-govt-to-announce-new-rates-in-days\/","title":{"rendered":"Egypt\u2019s industry could catch a break from high electricity prices, gov\u2019t to announce new rates \u201cin days\u201d"},"content":{"rendered":"

<\/a> Manufacturers could catch a break as gov\u2019t looks set to announce new electricity prices for industry today:<\/b> Industrial producers could see their electricity bills fall in the state\u2019s new fiscal year, which starts in July, government sources told the domestic press<\/a>. Businesses in the medium, high, and ultra-high consumption tiers could see prices decrease as authorities do not wish to see high energy prices affecting the sector\u2019s competitiveness \u2014 or prompt manufacturers to raise prices, the sources said. Manufacturers in the highest consumption tiers are already paying at a rate that effectively subsidizes lower-tier customers.<\/p>\n

Prices will rise for households and commercial clients: <\/b>The government denied last week<\/a> reports that households could be subject to a 30-60% price hike<\/a> in the coming fiscal year. While the reports out so far have not commented on that range, the domestic press suggests households will face price hikes of EGP 5-200 price depending on consumption.<\/p>\n

Electricity Minister Mohamed Shaker is expected to announce the new rates at a presser scheduled for today<\/b>, according to Masrawy<\/a>.<\/p>\n

Background:<\/b> Egypt raised its average electricity prices<\/a> by an average of 26% for all tiers of industrial, residential, and commercial buyers last July as part of the Sisi administration\u2019s plan to gradually phase out electricity 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 in the coming fiscal year, but the period was extended to FY2020-2021 to avoid placing too much pressure on household budgets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Manufacturers could catch a break as gov\u2019t looks set to announce new electricity prices for industry today: Industrial producers could see their electricity bills fall in the state\u2019s new fiscal year, which starts in July, government sources told the domestic press. Businesses in the medium, high, and ultra-high consumption tiers could see prices decrease as […]<\/p>\n","protected":false},"author":1,"featured_media":598292,"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":[2415,93,72,131,190,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-economic-reform-program","tag-energy","tag-enterpriseam","tag-manufacturing","tag-social-welfare","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"93d9780d-a645-4d5f-b13e-5d61b96d0ab3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/204.jpg","photo_position":"above","related_issue":[598286],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s industry could catch a break from high electricity prices, gov\u2019t to announce new rates \u201cin days\u201d - 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\/21\/egypts-industry-could-catch-a-break-from-high-electricity-prices-govt-to-announce-new-rates-in-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s industry could catch a break from high electricity prices, gov\u2019t to announce new rates \u201cin days\u201d\" \/>\n<meta property=\"og:description\" content=\"Manufacturers could catch a break as gov\u2019t looks set to announce new electricity prices for industry today: Industrial producers could see their electricity bills fall in the state\u2019s new fiscal year, which starts in July, government sources told the domestic press. 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The government will enforce\u2026","rel":"","context":"In "Speed Round"","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":572033,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/egypt-what-to-expect-with-the-electricity-price-hikes-coming-in-july\/","url_meta":{"origin":598291,"position":3},"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 "Speed Round"","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":647361,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/electricity-ministry-to-decide-on-new-electricity-prices-this-month\/","url_meta":{"origin":598291,"position":4},"title":"Electricity Ministry to decide on new electricity prices this month","author":"enterpriseam admin","date":"9 May 2017","format":false,"excerpt":"Electricity subsidy phase-out delayed, new prices to be unveiled this month: The Electricity Ministry will announce the new electricity prices this month, with the increases on track to be implemented in July, Al Borsa reports, citing ministry sources. The Egyptian Electricity Utility and Consumer Protection Regulatory Agency (Egyptera)\u2019s new tariffs\u2026","rel":"","context":"In "Speed Round"","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":568985,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/10\/shaker-unmoved-by-calls-to-cut-electricity-prices-for-egyptian-industry\/","url_meta":{"origin":598291,"position":5},"title":"Shaker unmoved by calls to cut electricity prices for Egyptian industry","author":"enterpriseam admin","date":"10 February 2020","format":false,"excerpt":"Shaker unmoved by calls to cut electricity prices for industry: Electricity Minister Mohamed Shaker rejected several proposals at a meeting with the House Industrial Committee on Sunday to slash electricity prices for factories, Ahram Online reports. MPs Mohamed Farag Amer and Ahmed El Sallab urged the government to lower the\u2026","rel":"","context":"In "Speed Round"","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\/598291","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=598291"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598291\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/598292"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598291"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598291"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}