Electricity distribution companies in Egypt will start applying the new prices for electricity to homes on Thursday, according to the plan announced last year to gradually eliminate energy subsidies until 2025.
The new increase is on an average of 13 percent in various segments. Prices for commercial and industrial facilities will witness no increase.
The general average of selling prices for different voltages is 106.9 piasters per kilowatt, the average price of a kilowatt for low voltage is 99.8 piasters, and for medium voltage is 123.9 piasters.
A source in the ministry said that these companies will apply the increase automatically, and will not need to issue new decisions.
Prepaid meters are also programmed to calculate the increases.
The prices for the first segment of consumers of up to 50 kilowatts is 48 piasters per kilowatt, with an increase of 26.3 percent, and the second segment from 51 kilowatts to 100 kilowatts at 58 piasters per kilowatt, with an increase of 20.8 percent, while the third tranche saw an increase of 12 piasters from zero to 200 kilowatts, and the price of a kilowatt will be 77 piasters with an increase of 18.5 percent.
The fourth tranche from 201 to 350 kilowatts will be at 106 piasters per kilowatt, an increase of 10 piasters by 10.4 percent, and the fifth tranche from 351 to 650 kilowatts at 128 piasters per kilowatt, an increase of 10 piasters by 8.5 percent.
Those whose consumption exceeds 650 kilowatts will be charged from the beginning of consumption up to less than 1000 kilowatts at 128 piasters per kilowatt.
Those whose consumption exceeds 1,000 kilowatts will be charged at 145 piasters per kilowatt at the same current tariff rate.
For retail consumption segments, prices remained the same as the previous year for closed units.
Edited translation from Al-Masry Al-Youm