Blitz Bureau
NEW DELHI: Egypt has raised electricity prices for higher-use residential consumers and commercial users starting in April, the Electricity Ministry said on April 4, citing a severe global energy crisis linked to the war in the Gulf region.
The move is the latest in a series of steps by the government to curb energy use and contain mounting fiscal pressure as higher import costs strain the finances of the Arab world’s most populous country.
The price increases would be limited to higher-use segments and commercial users in an effort to maintain electricity supplies across the residential, commercial and industrial sectors, the Ministry said.
Electricity prices for residential consumption bands of up to 2,000 kilowatt-hours per month would remain unchanged, while tariffs for higher residential brackets would rise by an average of 16 per cent. Commercial electricity prices across all brackets would increase by an average of about 20 per cent, it added.
