Egypt expects IMF's combined fifth, sixth review completion by October – minister    Gold prices edge higher on July 16th    Egypt stocks hit record highs in 2025 as reforms fuel rally: Cabinet    Egypt condemns Israeli strikes on Lebanon, Syria    Egypt signs strategic agreements to attract global investment in gold, mineral exploration    Egypt launches first national workshop on food systems, climate action with UN, global partners    Al-Sisi reviews Egypt's food security, strategic commodity reserves    Syria says it will defend its territory after Israeli strikes in Suwayda    Egypt urges EU support for Gaza ceasefire, reconstruction at Brussels talks    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico explore joint action on environment, sustainability    Egypt, Mexico discuss environmental cooperation, combating desertification    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt's PM urges BRICS to prioritise peace    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt to announce new electricity prices within days
EGP 1.14 per kW/h for LV consumers, EGP 0.75 for UHV consumers
Published in Daily News Egypt on 19 - 05 - 2019

The Egyptian government will announce within a few days the new electricity prices to be implemented starting from next fiscal year (FY) after being approved by the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) and approved by the cabinet.
Sources from the ministry of electricity told Daily News Egypt the tariff for ultra-high-voltage (UHV) consumers will be EGP 0.75 per kW/h, EGP 0.79 per kW/h for high-voltage, EGP 0.95 per kW/h for medium-voltage, and EGP 1.14 per kW/h for (LV) low-voltage.
The tariff for the current FY was EGP 0.99 per kW/h for UHV consumers, EGP 1.6 per kW/h for high-voltage, EGP 1.13 per kW/h for medium-voltage, and EGP 0.71 per kW/h for low-voltage.
LV consumers use medium, high, and ultra-high-voltage networks so its tariff is higher.
According to the sources, the UHV voltage gets fed directly from the grid, while high-voltage passes through two grids: the medium-voltage which includes production costs and tariff on using two grids, while the low voltage costs include production and transmission through all grids.
According to the sources, the tariff reduction of ultra-high, high, and medium voltage in FY 2019/20 is because consumers pay for production and transmission. In FY 2018/19, consumers of these voltages are given higher tariffs to subsidise consumers of low voltage.
The sources added: “We do not want to charge ultra-high, high, and medium voltage consumers additional burdens affecting their competitiveness and the cost of the final product to citizens, a system which is followed by many countries in Europe.”
The new tariff was based on the dollar exchange rate between EGP 17.5-17.78 and a natural gas price of $3 per million thermal units, and in the event of a decline in the dollar rate, prices will be revised.
The sources said that there is a fluctuation in the US dollar price, so it cannot be fixed and if it remains low, the tariff will be changed.
The sources pointed out that the rates of increase in domestic consumption segments vary according to the volume of consumption.
The increase in the value of the electricity bill starts from EGP 6-10 to EGP 160-200 depending on consumption.
Consumers of over 1,000 kW/h will pay more to subsidise low-income citizens.


Clic here to read the story from its source.