The Egyptian Electricity Holding Company has officially declared an adjustment in electricity prices, marking the first increase since 2021, effective January 1st, 2024.
This announcement follows closely on the heels of the government’s recent decision to raise Metro prices, Telecom Egypt’s declaration of an increase in household internet prices, and a widespread adjustment in mobile tariffs by telecom operators across the country.
For residential consumers, the new pricing structure is as follows: those utilizing 0-50 kWh will now pay LE 0.58 per kWh, while consumers falling within the 51-100 kWh bracket will be charged LE 0.68 per kWh. Those using 101-200 kWh will face a rate of LE 0.83.
Moving up the consumption brackets, residential homes utilizing 201-350 kWh will now be charged LE 1.25, and for those in the 315-650 kWh range, the rate increases to LE 1.40.
Commercial electricity users will also experience adjustments in pricing, with those in the 0-100 kWh bracket paying LE 0.65 per kWh. For consumption levels of 0-250 kWh, the rate rises to LE 1.36, while users in the 0-600 kWh category will now pay LE 1.50.
The fourth consumption bracket, spanning 601-1000 kWh, will see a rate of LE 1.65, and those exceeding 1000 kWh will incur a charge of LE 1.8 per kilowatt.
This revision in electricity prices aligns with the government’s broader strategy to reduce power subsidies. Notably, the Egyptian government had deferred price increases since 2021, citing support for citizens during the peak of the pandemic-induced inflation.
