HomeIndustry SectorsFinance and PolicyEgypt to increase electricity prices for high level consumers

Egypt to increase electricity prices for high level consumers

Egypt’s cabinet has decided to increase electricity prices for high-level consumers, with this measure to be implemented in July 2014. This increase could be as high as 30% for high level electricity consumers in the country.

Several studies found that the average consumer price of electricity in Egypt is US3.2c/kWh versus a real cost of US5.6c/kWh.

Egypt is suffering from electricity shortages and at the beginning of June 2014, Egypt experienced a deficit in production of between 1,880 and 2,380 MW.

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