{"id":650094,"date":"2017-03-16T04:05:06","date_gmt":"2017-03-16T04:05:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/"},"modified":"2017-03-16T04:05:06","modified_gmt":"2017-03-16T04:05:06","slug":"eehc-committee-wants-to-extend-lifting-of-electricity-subsidies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/","title":{"rendered":"EEHC committee wants to extend lifting of electricity subsidies"},"content":{"rendered":"

<\/a> In other energy news this morning, the state electricity utility is pushing back on the <\/strong>schedule for the phase-out of subsidies, but will still hike prices by as much as 40% in July. <\/strong>The Egyptian Electricity Holding Company (EEHC) committee tasked with studying new electricity prices for FY2017-18 is set on extending the timeline for the phase-out of electricity subsidies, unnamed sources from the Electricity Ministry tell Al Borsa<\/a>, providing exactly zero further details. The committee\u2019s decisions are far from sacrosanct, and it is preparing several suggestions and scenarios for the price hikes to present to Cabinet. The Ismail government has committed to completely lifting electricity subsidies over the next five years, according to theIMF staff report on Egypt\u2019s USD 12 bn bailout<\/a>. On the flipside, the sources say that there is no backing down from hiking electricity prices in July<\/a>, further suggesting that price hikes will vary by consumption tier. The committee is reportedly suggesting increasing prices by an initial 40% for top consumption tiers, and gradually bringing up the rate of increase to 60%. Those using the least electricity would reportedly see a 10-25% bump.<\/p>\n","protected":false},"excerpt":{"rendered":"

In other energy news this morning, the state electricity utility is pushing back on the schedule for the phase-out of subsidies, but will still hike prices by as much as 40% in July. The Egyptian Electricity Holding Company (EEHC) committee tasked with studying new electricity prices for FY2017-18 is set on extending the timeline for […]<\/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-650094","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2edce21e-d7f4-46e5-8def-514c310d37e9","order":"0","is_powered_by":true,"section_story_id":"a8ae28c1-98d8-4f8f-b283-4c228bbc614c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650088],"teaser":"","voice_url":""},"yoast_head":"\nEEHC committee wants to extend lifting of electricity 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\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EEHC committee wants to extend lifting of electricity subsidies\" \/>\n<meta property=\"og:description\" content=\"In other energy news this morning, the state electricity utility is pushing back on the schedule for the phase-out of subsidies, but will still hike prices by as much as 40% in July. The Egyptian Electricity Holding Company (EEHC) committee tasked with studying new electricity prices for FY2017-18 is set on extending the timeline for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-16T04:05:06+00:00\" \/>\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\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EEHC committee wants to extend lifting of electricity subsidies\",\"datePublished\":\"2017-03-16T04:05:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/\"},\"wordCount\":195,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/eehc-committee-wants-to-extend-lifting-of-electricity-subsidies\/\",\"name\":\"EEHC committee wants to extend lifting of electricity subsidies - 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Electricity is and will continue to be subsidized by the state until the planned phase-out in 2025, Electricity Minister Mohamed Shaker was quoted as saying by Al Borsa yesterday. His comments came after Bloomberg Asharq reported that the government\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/358.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":650094,"position":1},"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 "SPEED ROUND: ENERGY"","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":631770,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/electricity-ministry-to-postpone-ipo-of-three-companies-operating-siemens-plant-until-after-full-subsidy-elimination-in-fy2020-21\/","url_meta":{"origin":650094,"position":2},"title":"Electricity Ministry to postpone IPO of three companies operating Siemens plant until after full subsidy elimination in FY2020-21","author":"enterpriseam admin","date":"27 March 2018","format":false,"excerpt":"IPO WATCH- Electricity Ministry to postpone IPO of three companies operating Siemens plant until after full subsidy elimination in FY2020-21: The Electricity Ministry is reportedly pushing plans to IPO the three companies that will operate Siemens-built power plants until the state fully eliminates subsidies for electricity, an unnamed source from\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":598342,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/electricity-prices-to-rise-an-average-of-15-in-fy2019-2020\/","url_meta":{"origin":650094,"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 "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\/2019\/5\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646263,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/govt-mulls-maintaining-electricity-subsidies-for-an-extra-three-years\/","url_meta":{"origin":650094,"position":4},"title":"Gov\u2019t mulls maintaining electricity subsidies for an extra three years","author":"enterpriseam admin","date":"11 June 2017","format":false,"excerpt":"Electricity subsidies might still be with us beyond 2019: The government is considering extending its timeline for the phase-out of electricity subsidies by another two or three years instead of having them removed entirely by 2019, Electricity Minister Mohamed Shaker said, according to Reuters. 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