{"id":612863,"date":"2024-01-03T00:00:00","date_gmt":"2024-01-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/03\/electricity-ministry-hikes-electricity-prices-by-up-to-26\/"},"modified":"2024-01-03T00:00:00","modified_gmt":"2024-01-03T00:00:00","slug":"electricity-ministry-hikes-electricity-prices-by-up-to-26","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/03\/electricity-ministry-hikes-electricity-prices-by-up-to-26\/","title":{"rendered":"Electricity Ministry hikes electricity prices by up to 26%"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Your<\/strong><strong>el<\/strong><strong>ectricity bill just went up:<\/strong> The Electricity Ministry is finally out with its long-expected electricity price hikes for households and businesses that will see prices rise by 16-26%. The new price ranges came into effect on Monday and will be in place until June 2024, according to an Electricity Ministry official that spoke to Enterprise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new price tags per KWh for households: <\/strong><\/p>\n<ul>\n<li>The first 0-50 KWh\/month will be charged EGP 0.58, up 20.8% from EGP 0.48;<\/li>\n<li>The next 51-100 KWh\/month at EGP 0.68, up 17.2% from EGP 0.58;<\/li>\n<li>The next 101-200 KWh\/month at EGP 0.83, up 7.8% from EGP 0.77;<\/li>\n<li>The next 201-350 KWh\/month at EGP 1.25, up 17.9% from EGP 1.06;<\/li>\n<li>The next 351-650 KWh\/month at EGP 1.4, up 9.4% from EGP 1.28;<\/li>\n<li>Those consuming more that 1,000 KWh per month will pay EGP 1.65, up 13.8% from EGP 1.45.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>**<\/strong>You can find the full price list for <strong><a target=\"_blank\" href=\"http:\/\/egyptera.org\/ar\/Tarrif2024N.aspx\" style=\"\" rel=\"noopener\">commercial and industrial buyers here<\/a><\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hikes were originally due in July 2023,<\/strong> but the Madbouly government decided to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5cfef76-aa68-486f-a13a-cade675718c6\" style=\"\" rel=\"noopener\">freeze<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5cfef76-aa68-486f-a13a-cade675718c6\" style=\"\" rel=\"noopener\">electricity prices<\/a> last year to ease the pressure on the public, as directed by President Abdel Fattah El Sisi. Our source told us that the state had to cough off about EGP 8 bn to be able to push back electricity price hikes. The last approved hike was in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8524ce4-c8d0-4b1d-b450-a125c9879398\" style=\"\" rel=\"noopener\">June 2021<\/a>, which saw residential electricity bills jumping as much as 26%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Electricity subsidies are on the way out: <\/strong>The Madbouly government in 2020 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78b3ac0c-8571-47a4-802c-abf1b65a5044\" style=\"\" rel=\"noopener\">laid out<\/a> a roadmap to phase out subsidies by 2025 \u2014 pushing back an existing July 2022 deadline that was already an extension of a 2019 deadline penciled in way back in 2014.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hike comes hot on the heels of a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4048193-6df2-4911-84e8-a7f6409b8263\" style=\"\" rel=\"noopener\">series of price hikes<\/a><\/strong><strong> for several public and private<\/strong><strong> services and utilities <\/strong>announced earlier this week after the state greenlit the price rises. Mobile phone plans, internet packages, Cairo Metro and train tickets, and vehicle registration fees all increased in the New Year.<\/p>\n<p class=\"tag-border-left\">NO PETROL PRICE HIKES?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Worry not petrol heads, we aren\u2019t expecting any fuel price hikes anytime soon:<\/strong> The government apparently has no intentions of reviewing fuel prices for 3Q of the fiscal year since the last price move was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bdb1778c-42af-4168-bf2b-b59955a959ad\" style=\"\" rel=\"noopener\">passed<\/a> less than three months ago, a government official involved in the petroleum industry told Enterprise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is trying to phase out electricity subsidies by 2025<\/p>\n","protected":false},"author":1,"featured_media":612864,"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":[1],"tags":[244,770,93,72,182,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-electricity","tag-electricity-ministry","tag-energy","tag-enterpriseam","tag-inflation","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"6468a17b-84c3-4eff-be44-5ad1a59c8a21","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/178.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Electricity Ministry hikes electricity prices by up to 26%","related_issue":[612856],"teaser":"The government is trying to phase out electricity subsidies by 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.c0843112-f6cf-4555-b6c0-1a41d0d1a32f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Households could see their electricity bills rise by as much as 21% from 1 July, according to the government\u2019s 2020 schedule (pdf) to phase out subsidies by 2025. According to the schedule, hikes in some unsubsidized consumption tiers will see other households\u2026","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\/2022\/6\/209.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643378,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/08\/our-long-awaited-electricity-rate-hikes-are-here-capping-off-a-busy-summer-of-subsidy-reform\/","url_meta":{"origin":612863,"position":2},"title":"Our long-awaited electricity rate hikes are here, capping off a busy summer of subsidy reform","author":"enterpriseam admin","date":"8 September 2024","format":false,"excerpt":"Those in the highest two consumption brackets will see their rates rise between 35-40%","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\/9\/477.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566483,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/22\/your-electricity-bill-is-going-up\/","url_meta":{"origin":612863,"position":3},"title":"Your electricity bill is going up","author":"enterpriseam admin","date":"22 June 2021","format":false,"excerpt":"Your electricity bill is going up on 1 July \u2014 here\u2019s how much you can expect to pay: Residential electricity bills are going up by as much as 26% at the start of the state\u2019s new fiscal year on 1 July as the Sisi administration pushes ahead with its plan\u2026","rel":"","context":"In &quot;SPEED ROUND: ENERGY&quot;","block_context":{"text":"SPEED ROUND: ENERGY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/556.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627844,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/","url_meta":{"origin":612863,"position":4},"title":"Electricity prices to rise an average of 26% as early as next month","author":"enterpriseam admin","date":"13 June 2018","format":false,"excerpt":"Electricity prices are jumping by an average of nearly 21% for households, more than 40% for industry: As of the 1 July start to the government\u2019s new fiscal year, electricity prices are going up an average of 26%, said Electricity Minister Mohamed Shaker yesterday as he unveiled long-awaited details on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed 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