Egypt lifts power prices

Households will pay up to 27% more for electricity supplies.

Egypt, News

Egypt has raised electricity tariffs for households with middle to high consumption as part of plans to cut energy subsidies and rationalise prices.

Those consuming more than 2,520 kWh per year will see their bills jump by an average 19% for the year starting in July 2015.

For households consuming between 2,520 to 4,200 kWh/year, tariffs will increased by 27%.

Households consuming less than 2,520 kWh/year are not concerned by the tariff increase.

In July 2014, Egypt cut subsidies by EGP 40bn ($5.6bn) to EGP100bn which led to an increase in fuel prices of up to 78%.


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