The Egyptian Ministry of Electricity and Renewable Energy announced that the current severe and unprecedented global energy resource crisis due to the ongoing war in the Arabian Gulf region has necessitated the ministry’s decision to increase electricity prices for certain commercial and residential consumption brackets, effective this April.
In a statement issued on Saturday, the ministry emphasized that the increases were carefully designed to ensure that lower-consumption residential brackets, representing the largest segment of the population, are not affected.
The ministry explained that this category constitutes approximately 40 percent of all subscribers, with 86 percent of them exempt from the price increase.
This reflects a clear commitment to protecting low-income households.
The statement further clarified that the price increase is limited to higher consumption brackets, which include the most affluent segments of the population.
The ministry has fixed electricity prices for all consumption brackets up to 2000 kilowatt-hours per month, with price increases for this bracket and higher consumption brackets averaging only 16 percent.
This comes in accordance to distribute the burden among different segments of the population, so that those who are most able and benefit most from electricity bear a greater share.
The ministry has decided to increase commercial electricity prices across all brackets by an average of approximately 20 percent. The ministry affirmed that it had no other option to address the current global energy crisis – the most severe in recent decades – but to implement these necessary increases.
This is to ensure the continued availability of electricity for all Egyptians in the quantities they need in all aspects.
