CAIRO - 2 January 2024: The Egyptian Electricity Holding Company has announced an increase in electricity prices for the first time since 2021, effective January 1st, 2024. Residential homes consuming between 201-350 kWh will pay LE 1.25, while those using between 315-650 kWh will pay LE 1.40. Commercial consumption prices were increased as well, with commercial electricity users consuming between 0-100 kWh will pay LE 0.65 per kWh, 0-250 kWh will pay LE 1.36, while users of 0-600 kWh will pay LE 1.50. Those in the fourth consumption bracket (601-1000 kWh) will pay LE 1.65, with those using more than 1000 kWh will pay LE 1.8 per kilowatt. With the new electricity prices, businesses should expect an increase in the cost of industrial production, which will lead to a predictable increase in goods and services.

Source: Egypt Today January 02, 2024 15:33 UTC