{"id":627844,"date":"2018-06-13T04:25:48","date_gmt":"2018-06-13T04:25:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/"},"modified":"2018-06-13T04:25:48","modified_gmt":"2018-06-13T04:25:48","slug":"electricity-prices-to-rise-an-average-of-26-as-early-as-next-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/electricity-prices-to-rise-an-average-of-26-as-early-as-next-month\/","title":{"rendered":"Electricity prices to rise an average of 26% as early as next month"},"content":{"rendered":"

<\/a> Electricity prices are jumping by an average of nearly 21% for households, more than 40% for industry: <\/strong>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 the phase-out of electricity subsidies. Households will see an average rate increase of 20.9%, while prices for industrial use will jump by an average 41.8%. The ministry released adetailed account and breakdown (pdf)<\/a> of next year\u2019s electricity prices, including the subsidy costs of the electricity sold.<\/p>\n

Food producers and retailers are the first to not-so-subtly telegraph that they\u2019re going to be hiking prices<\/strong>, saying yesterday<\/a> that prices will rise in the coming months, particularly when you factor in the increase in the cost of piped water prices earlier this month<\/a>. We had previously reported<\/a> that cheesemakers Obour Land and Domty believed product prices would rise 2-4% later this year to cope with an expected rise in costs.<\/p>\n

So, what does the new pricing structure look like? For household customers:<\/p>\n