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.

Ads by Google

Copyright © 2012 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.