Minister of Electricity, Mohammed Shaker, held a press conference today, Tuesday. He announced the new prices for Electricity Bill Categories. He confirmed that the percentage of the new increase in electricity prices for the domestic sector will be 19.1%, while last year it was 21%.
The plan to rationalize electricity subsidy began in the year 2015, and it was planned to end in July 2019 to completely liberalize the prices of subsidies, and to make the citizen pay for the cost of kilowatts, but with the rise in the price of the dollar during 2017 President Abdel Fattah El-Sisi directed the extension of the plan to raise subsidies to 8 years instead of 5, to reduce the burden on citizens. The ministry has already put in place a new plan that extends the process of raising subsidies until July 2021.
Shaker pointed out that by the end of this year, the Egyptian Electricity Transmission Company will have completed adding 6 thousand kilometers of new transmission lines to raise the efficiency of the network and eliminate interruptions caused by the voltage drop.
As for the industrial sector, the minister said that the state will bear 22 billion pounds in support of the industrial sector during the next 5 years after fixing the price of electricity for the industrial sector for a period of 5 years.
The following are the electricity prices for the new fiscal year 2020/2021, which will be applied as of next July:
- The first category from Zero to 50 KW will be 38pts instead of 30pts.
- The second category from 51 to 100 KW will be 48pts instead of 40pts.
- The third category from zero to 200KW will be 65pts instead of 50pts.
- The fourth category from 201 to 350KW will be 96pts instead of 82pts.
- The fifth category from 351 to 650KW will be 118pts instead of 100pts.
- The sixth category from 651 to 1000KW will be 140pts.
- the seventh category from zero to less than 1000KW won’t get a subsidy (118pts)
- and category from zero to more than 1000KW will be 145pts.
A wise mind, a good heart, an incredible chef with a touch of never-ending existential crisis, all in one person. What could be better? Yara is a great writer who always tries to have fun with anything she does.