A committee formed by the Egyptian Electricity Holding Company (EEHC) is studying the suggestions presented to increase electricity tariffs in the fiscal year (FY) 2017/2018, according to the prices reconstruction programme announced in 2014. Sources at the Ministry of Electricity told Daily News Egypt that the committee decided to extend the period to remove electricity subsidies, which was planned to take place in 2019, and rather increase the prices of electricity across all consumption segments. The sources noted that the increase of the tariffs will take into consideration the less-consuming segments low-income citizens. The suggestion also includes raising prices by 30-40% on higher consuming clients, with the potential of reaching 60%. The government’s scheme in 2014 includes gradually removing electricity subsidies over a course of five years, to be fully unsubsidised by 2019.

Source: Daily News Egypt March 16, 2017 15:56 UTC