Egypt will raise electricity prices for commercial customers and for higher-use residential consumption brackets starting in April, the Ministry of Electricity and Renewable Energy said on Saturday 4 April in a statement, citing a “severe and unprecedented” global energy crisis linked to the ongoing conflict in the Gulf region. The ministry emphasized that the decision is intended to preserve electricity supply while ensuring the increases would not apply to lower household consumption tiers, which account for the majority of subscribers. Commercial customers typically include businesses, offices, shops, and industrial facilities, while higher-use residential customers are households that consume electricity above the standard due to larger homes, multiple air-conditioning units, or high-powered appliances. The Ministry of Electricity and Renewable Energy estimated that around 40 percent of customers fall within the lower consumption bands, adding that 86 percent of those users would be fully exempt from the new price hikes. Electricity tariffs for households consuming up to 2,000 kilowatt-hours per month will remain unchanged, while consumption above that threshold and higher residential brackets will face an average increase of about 16 percent. For commercial users, the ministry said prices would riseContinue reading "Egypt Raises Electricity Tariffs for High-Use Households and Commercial Users Starting in April"
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