4 December 2012

Egypt: LE 2 Billion to Treasury Due to Electricity Bill Raise

Ministry of Electricity said that the new regulations will not affect first category of consumer, whose monthly consumption currently stands at less than 50 kilowatts/second.

Spokesman of the Ministry Aktham Aboul Ala said that these regulations will contribute by about LE 2 billion to the electricity sector deficit amounted to LE 16 billion annually.

The new regulations will not affect the first category of consumer, whose monthly consumption currently stands at less than 50 kilowatts per second at a price of LE 0.025 per kilowatt, he said.

Aktham said that the first category includes almost seven million household consumers who constitute almost one quarter of the total number of subscribers - some 28 million - nationwide.

He added that the latest decision comes within the context of a government initiative aimed at reducing overall electricity consumption.

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