3 December 2012

Egypt: Rise in Electricity Prices By New Year

An official at the Electricity and Energy Ministry said on Sunday that the Cabinet agreed to study an increase in electricity prices but "without harming the limited-income" citizens.

The new price will be applied to high-tranche consumers with the aim of rationalizing consumption, the official said, adding that this decision will not be applied to agricultural projects and irrigation.

Minister Mahmoud Balbaa asserted that the rise will be gradual and the subsidies for homes will not change as long as the consumption does not exceed 650 kilowatt.

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