Egypt - Minister of Electricity and Renewable Energy Mohamed Shaker told Daily News Egypt that his ministry is committed to the plan to restructure electricity prices until 2025, and electricity prices are still subsidised by the state, taking into account low-income groups and families in need. He added that in 2025, the electricity sector will have reached the real cost of the value of electricity, as all subsidies on power will be removed by then. He also mentioned that the fuel supplied to electricity production plants is subsidised by the state. The estimated volume of subsidies for electricity during the next five years is estimated at EGP 76bn. “Impoverished groups spend 1% and low-income groups spend 2%,” according to the study.

Source: Daily News Egypt April 26, 2022 17:58 UTC