Power Prices to Remain Stable
Tuesday, 8th November 2016
As a result of the EGP devaluation, the Egyptian Ministry of Electricity will incur about EGP 100b yearly, EGP 50b came due to the repricing of fuel used in power generation. Yet, there will be no increase in the selling prices of electricity before the beginning of the next fiscal year.
Egypt Plans to Increase Electricity Tariffs
Tuesday, 9th August 2016
The Egyptian Electricity and Renewable Energy Minister, Mohamed Shaker, announced that the government is to increase electricity tariffs for both residential and commercial consumption to counter balance the rise in the cost of production.
Egypt to Witness Increase in Electricity Prices
Thursday, 14th July 2016
The Minister of Electricity and Renewable Energy, Mohamed Shaker, has announced that a slight increase in the prices of electricity will be witnessed during the first three segments of consumption. Later on the prices will steadily increase as consumption gets higher. The cabinet is expected to approve the new tariff on electricity consumption within a few days.