Higher electricity rates to be applied in Egypt starting July ...Egypt

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Higher electricity rates to be applied in Egypt starting July
The Egyptian cabinet is planning to implement a new increase in electricity prices, starting from July 1, due to the increase in natural gas and fuel prices, according to directives from Prime Minister Mostafa Madbouly in October. Madbouly in October had announced postponing the application of electricity price increase on different consumption segments until June 30, to prepare a new package for social protection, which was scheduled to be implemented on January 1. The Egyptian government subsidizes electricity for the first four lowest consumption segments at half the value of its cost. Egypt postponed applying electricity price increases for three times, which led to the state budget bear

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