CAIRO - 21 May 2019: Egypt's Electricity Minister Mohamed Shaker has declared new electricity prices after a 14.9 percent rise that will be applied as of July.
During a Tuesday press conference, Shaker said that the new prices would save the state from a deficit of up to LE 33.5 billion.
The new prices, according to the minister, come as part of the government’s economic reform program, as follows:
First bracket: From 0 to 50 kilowatts = (30 piasters up from 22).
Second bracket: From 51 kilowatts to 100 = (40 piasters up from 30).
Third bracket: From 0 to 200 kilowatts = (50 piasters up from 36).
Fourth bracket: From 201 to 350 kilowatts = (82 piasters up from 70).
Fifth bracket: From 351 kilowatts to 650 = (100 piasters up from 90).
Sixth bracket: From 651 to 1000 kilowatts = (140 piasters up from 135).
Seventh bracket: From 0 to more than 1000 kilowatts will have no subsidy (145 piasters)