{"id":629146,"date":"2018-05-23T04:26:09","date_gmt":"2018-05-23T04:26:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/electricity-ministry-to-recommend-power-prices-rise-up-to-55-in-july-stay-tuned-for-political-theatre\/"},"modified":"2018-05-23T04:26:09","modified_gmt":"2018-05-23T04:26:09","slug":"electricity-ministry-to-recommend-power-prices-rise-up-to-55-in-july-stay-tuned-for-political-theatre","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/electricity-ministry-to-recommend-power-prices-rise-up-to-55-in-july-stay-tuned-for-political-theatre\/","title":{"rendered":"Electricity Ministry to recommend power prices rise up to 55% in July; stay tuned for political theatre"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Electricity prices set to rise by as much as 55% come July? <\/strong>Speculation about how far electricity prices will rise in July has kicked into overdrive, with ministry sources <a href=\"http:\/\/www.almalnews.com\/Story\/376719\/59\/%D9%85%D9%82%D8%AA%D8%B1%D8%AD%D8%A7%D8%AA-%D8%A7%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%8A-%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-%D8%A3%D9%85%D8%A7%D9%85--%D8%A7%D9%84\">telling Al Mal<\/a> that its final recommendation to cabinet is for prices to rise 33-55%. <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/16\/egyptera-will-need-another-month-to-reshape-electricity-prices\/\">Previous reports had suggested<\/a> that the new system would divide residential consumers into four consumption tiers \u2014 0-100 KW, 101-200 KW, 201-600 KW, and 601-1000 KW \u2014 with expected price increases ranging between 15 and 43%.<\/p>\n<p><strong>Watch for political theatre: <\/strong>The new scheme will see consumers at the lower end of the income \/ consumption spectrum pay more, too, the ministry source said. We\u2019re taking this as a very standard piece of political theatre: The same source made a point of saying that only cabinet could exempt a group of consumers from a price hike. While it\u2019s possible the state will sock it to low-income consumers, its interests align with those of the IMF \/ World Bank here in sheltering them from the cuts. We see this as likely setting it up for the Council of Minister to allow tension to build, then deflate the bubble just before (or when) the hikes are announced by declaring the poor (and possibly low-income earners) will be exempt from price hikes. Electricity Minister Mohamed Shaker <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/06\/house-budget-committee-holds-hearings-with-ministers-on-fy2018-19-budget\/\">previously rejected<\/a> a bid by members of the House of Representatives to commit to no price hikes for the working poor.<\/p>\n<p><strong>Are we also looking at different prices for different times of the day?<\/strong> The Egyptian Electricity Utility and Consumer Protection Agency (Egyptera) reportedly also suggested setting two prices for electricity consumption at different times of the day, the ministry source told the newspaper. The proposal, which would only be applied to those in the uppermost consumption bracket, would set a higher price at peak consumption times. It remains unclear whether this proposal was incorporated into the ministry\u2019s final scheme or scrapped.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electricity prices set to rise by as much as 55% come July? Speculation about how far electricity prices will rise in July has kicked into overdrive, with ministry sources telling Al Mal that its final recommendation to cabinet is for prices to rise 33-55%. Previous reports had suggested that the new system would divide residential [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629146","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"717bd19b-ae50-474b-92b0-2be2910b200c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[629135],"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 Ministry to recommend power prices rise up to 55% in July; stay tuned for political theatre - 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\/2018\/05\/23\/electricity-ministry-to-recommend-power-prices-rise-up-to-55-in-july-stay-tuned-for-political-theatre\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity Ministry to recommend power prices rise up to 55% in July; stay tuned for political theatre\" \/>\n<meta property=\"og:description\" content=\"Electricity prices set to rise by as much as 55% come July? Speculation about how far electricity prices will rise in July has kicked into overdrive, with ministry sources telling Al Mal that its final recommendation to cabinet is for prices to rise 33-55%. 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The new\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":628890,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/egyptera-will-need-another-month-to-reshape-electricity-prices\/","url_meta":{"origin":629146,"position":1},"title":"Egyptera will need another month to reshape electricity prices","author":"enterpriseam admin","date":"16 May 2018","format":false,"excerpt":"Egyptera still hashing out structure of July electricity price hike: The Egyptian Electricity Utility and Consumer Protection Agency (Egyptera) is reportedly still working on the final structure of the price hikes it is expected to roll out in July as the government looks to slash electricity subsidies by 47% in\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":644961,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/09\/government-announces-new-electricity-prices\/","url_meta":{"origin":629146,"position":2},"title":"Government announces new electricity prices","author":"enterpriseam admin","date":"9 July 2017","format":false,"excerpt":"The Electricity Ministry raised the price of electricity by around 42% for household consumers last Thursday, according to Reuters. The move, which follows an increase to the prices of fuel last week, removes subsidies entirely for the highest-tier consumers. The new prices for household consumers per month are broken down\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":598171,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/cabinet-denies-reports-suggesting-egypts-home-electricity-prices-will-rise-30-60\/","url_meta":{"origin":629146,"position":3},"title":"Cabinet denies reports suggesting Egypt\u2019s home electricity prices will rise 30-60%","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"Gov\u2019t (sort of) denies reports suggesting home electricity prices will rise 30-60%: The Madbouly Cabinet denied yesterday domestic press reports that emerged earlier this week quoting Electricity Ministry officials as suggesting that residential electricity prices could increase by 30-60% after the next round of subsidy cuts. The government will enforce\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":598121,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/","url_meta":{"origin":629146,"position":4},"title":"Home electricity prices could rise 30-60% in July as Egypt phases out subsidies","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"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\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":598342,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/electricity-prices-to-rise-an-average-of-15-in-fy2019-2020\/","url_meta":{"origin":629146,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629146","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=629146"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629146\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629135"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629146"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629146"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}