GERD talks between Egypt, Ethiopia and Sudan resume on Friday    Egypt, Ethiopia, Sudan resume AU-brokered negotiations over Nile dam    Saudi-led coalition destroys four Houthi drones over Yemen    Rudolfo Anaya, 'godfather' of Chicano literature, dies at 82    Liverpool reiterate need for safe celebrations ahead of Villa clash    Egypt and Jordan's Foreign ministers discuss annexation of West Bank    Indigenous leaders angry about coronavirus risk from Brazilian military visit    EU grants conditional clearance to COVID-19 antiviral remdesivir    UN says it is "alarmed" at arrests in Hong Kong, concerned at "vague" law    France's PM Philippe resigns ahead of Cabinet reshuffle    Gulf economies to shrink 7.6% due to coronavirus, decline in oil prices: IMF    UK PM Johnson says of fathering his newborn son: 'I'm pretty hands on'    Japan seeks extradition of Americans accused in Ghosn escape    Ex-FDA official says the worst of the U.S. coronavirus outbreak to end in January    Moderna delays coronavirus vaccine trial – report    Sane completes move to Bayern from Manchester City    Greece starts clearing ground for Athens property plan after long delay    Egypt developing four WHO-registered vaccines to treat coronavirus patients    Lebanon's IMF talks on hold, finance minister says    313 tourists from Switzerland, Belarus arrive in Egypt following flight resumption    Real Madrid close in on La Liga title after edging Getafe    Ethiopia intransigent on GERD issue: ECES seminar experts    Qalaa Holdings records 191% y-o-y increase in revenues during Q1 of 2020    ABB, Hitachi launch $10bn joint power venture    Thousands of Greeks protest against bill to regulate demonstrations    NCW calls for investigating harassment and rape allegations discussed on social media    Egypt's National Election Committee to announce Senate election details    Egypt is developing 4 vaccines, 3 drugs against COVID-19: Higher Education Minister    Italy's Eni unveils new gas discovery off Egyptian Nile Delta coast    Apple to re-close more stores in U.S, bringing total to 77    Egypt's Zamalek to continue training Thursday, but domestic league participation unclear    Egypt's parliament Oks supplementary spending bill for FY20    Liverpool boss Klopp happy with African Nations Cup postponement    Deadly protests erupt in Ethiopia over killing of popular Oromo singer    Egypt's cultural activities to resume mid-July    At 99, CPC governance legitimacy shines brighter in time of global uncertainty    Federation of Egyptian Banks denies funding GERD: eletreby    Saudi development authority starts executing phase I of giant cultural project    30 June Revolution preserved Egyptian identity from hijack: Al-Sisi    Don't miss Al-Hadra troupe's two concerts at El-Sawy Culturewheel    Egypt's President Sisi opens Baron Empain Palace, two int'l airports    Inauguration of Baron Empain Palace important for Egypt's tourism sector: official    President Al-Sisi inaugurates new national project developments in Cairo    11 coronavirus cases detected at Egyptian Premier League clubs – EFA    Egypt to host World Handball Championship on time despite COVID-19: EHF President    Liverpool's Egyptian winger Salah fit for Crystal Palace clash – coach Klopp    Egypt's parliament Oks amendments to House law amid differences over election    CAF draws timeline for resumed continental championships amid COVID-19    







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





Households electricity prices hike by EGP 4-93.5 per month
EGP 17bn proceeds of Electricity sector from price increases
Published in Daily News Egypt on 22 - 05 - 2019

Egypt's Minister of Electricity Mohamed Shaker revealed the new electricity prices, with an average increase of 14.9% to be implemented starting from next fiscal year (FY) during a press conference on Tuesday. The increase in the value of the electricity bill starts from EGP 4-93.5 depending on consumption.
According to Shaker, the first category in terms of consumption, from 0 to 50 kW's new price is EGP 0.30; from 51 to 100 kW it is EGP 0.4; from 101 to 200 kW it is EGP 0.5,; from 201 to 350 kW it is 0.82; from 351 to 650 kW it is EGP 1; from 651 to 1,000 kW it is EGP 1.4, and the seventh bracket of more than 1,000 kW it is EGP 1.45 instead of EGP 1.35.
Furthermore, the ministry revealed that the consumption category between 101-200 kW has the highest number of electricity subscribers, with 9.5 million users, or around 36% of the total users, followed by the 201-350 with 6.8 million users, or 25.7%.
Shaker explained that the Ministry of Finance is still supporting the electricity sector by EGP 16.5bn billion during the fiscal year 2019/20, and that the result of the price increase of will be EGP 17bn.
The minister told Daily News Egypt that Shaker the prices remained low compared to neighbouring countries for ultra-high, high and medium-level voltage.
He explained that the factories bear a higher cost to support household uses and not to burden the citizens, adding that " There is no other solution, there must be mutual subsidies"
He explained that the average price of the sale of electricity 96.1 piasters, and the average cost on the low voltage 114.2 piasters per kilowatt hour, did not increase the bill for electricity consumption of more than 1000 KW/h.
On the other hand, the tariff for ultra-high-voltage (UHV) consumers in FY 2019/20 will be EGP 1.09 per kW, increasing by 10%; EGP 1.17 per kW for high-voltage increasing by 9.1%; EGP 1.23 per kW for medium-voltage increasing 9.9%, and EGP 0.83 per kW for (LV) low-voltage increasing by 19%.
The tariff for the current FY was EGP 0.99 per kW for UHV consumers; EGP 1.08 per kW for high-voltage; EGP 1.12 per kW or medium-voltage, and EGP 0.71 per kW for LV.
LV consumers use medium, high, and ultra-high-voltage networks so its tariff is higher.
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.
He said that the cost of natural gas on the state is more than $4.5 per million thermal units, and bought by power plants at $3. The fuel received by the electricity sector reached EGP 80bn, including EGP 66bn for gas so if the price paid is not real, a gap of EGP 37bn will be created.
The minister revealed that household consumption makes up around 42.1% of Egypt's total electricity consumption, while industrial uses stand at around 27.9%.
Consumers of over 1,000 kW will pay more to subsidise low-income citizens.


Clic here to read the story from its source.