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Electricity prices are jumping by an average of nearly 21% for households
13. June 2018
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more than 40% for industry: As of the 1 July start to the government’s new fiscal year, electricity prices are going up an average of 26%, said Electricity Minister Mohamed Shaker yesterday as he unveiled long-awaited details on the phase-out of electricity subsidies. Households will see an average rate increase of 20.9%, while prices for industrial use will jump by an average 41.8%. The ministry released a detailed account and breakdown (pdf) of next year’s electricity prices, including the subsidy costs of the electricity sold.

 

Food producers and retailers are the first to not-so-subtly telegraph that they’re going to be hiking prices, saying yesterday that prices will rise in the coming months, particularly when you factor in the increase in the cost of piped water prices earlier this month. We had previously reported that cheesemakers Obour Land and Domty believed product prices would rise 2-4% later this year to cope with an expected rise in costs.

 

So, what does the new pricing structure look like? For household customers:

 

0-50 KWh per month: prices will go up 69% to EGP 0.22/KWh, with the state paying a total of EGP 1.9 bn in subsidies;

51-100 KWh per month: prices will go up 36% to EGP 0.30/KWh, with the state paying a total of EGP 3.2 bn in subsidies;

101-200 KWh per month**: prices will go up 33% to EGP 0.36/KWh, with the state paying a total of EGP 19.5 bn in subsidies;

201-350 KWh per month: prices will go up 27% to EGP 0.70/KWh, with the state paying a total of EGP 14.9 bn in subsidies;

351-650 KWh per month: prices will go up 20% to EGP 0.90/KWh, with the state paying a total of EGP 7.3 bn in subsidies;

651-1,000 KWh per month: prices will go up 8% to EGP 1.35/KWh, with the state paying a total of EGP 1.2 bn in subsidies;

Average consumption higher than 1,000 KWh per month will see prices go up 7.5% to EGP 1.45/KWh for their entire consumption, with the state paying a total of EGP 1.1 bn in subsidies.

(** Consumers using more than 100 KWh and less than 201 KWh a month will pay for their entire consumption — from 0 to 200 KWh — at a single unified rate of EGP 0.36/KWh.)

 

The average breakdown for commercial consumers is as follows:

 

0-100 KWh per month: prices will go up to EGP 0.55/KWh;

101-250 KWh per month: prices will go up to EGP 1.00/KWh;

251-600 KWh per month: prices will go up to EGP 1.15/KWh;

601-1,000 KWh per month: prices will go up to EGP 1.45/KWh;

Average consumption higher than 1,000 KWh per month will see prices go up to EGP 1.50/KWh as a single unified rate for their entire consumption

The average breakdown of industrial prices (measured in KV) is as follows:

 

132-220 KV per month: prices will go up to EGP 0.96/KWh;

33-66 KV per month: prices will go up to EGP 1.01/KWh;

11-22 KV per month: prices will go up to EGP 1.05/KWh;

380 V per month: prices will go up to EGP 1.10/KWh.

Agricultural facilities will pay an average of EGP 0.80/KWh.