Here’s why Egypt’s electricity prices are rising ...Egypt

The price of electricity bands will increase by 20 percent, and a gradual increase will be announced to lift the subsidy on electricity by 2030, according to remarks by a Ministry of Electricity source to Al-Masry Al-Youm on Saturday. The Electricity Ministry is expected to announce the prices of the new electricity bands in the coming days before the the end of July, following the Cabinet’s approval. The main reason for the rising costs of electricity production is due to an increase in the price of the dollar against the pound. Another reason is due to the increase in rates of loss in electricity owning to rising electricity theft. The source stressed that all electricity bands will witnes

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Last updated : 28 July 2024 clock 06:24 PM

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Here’s why Egypt’s electricity prices are rising ...Egypt

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