Egypt raises electricity prices for high-consumption households and businesses

Golden Ten Data reported on April 5 that Egypt's Ministry of Electricity announced on Saturday it will increase electricity prices for high-usage residential and commercial users starting in April, due to the severe global energy crisis triggered by the Gulf region war. This move is the latest in a series of measures by the Egyptian government aimed at controlling energy consumption and alleviating mounting fiscal pressure, as rising import costs strain the national budget. According to a statement from the Ministry of Electricity, households with low electricity usage will not be affected by this price adjustment. The hike will apply only to high-usage groups and commercial users, in order to maintain power supply for residential, commercial, and industrial sectors. The electricity price for residential users with a monthly consumption of 2,000 kilowatt-hours or less will remain unchanged, while higher consumption bands for residential users will see an average increase of 16%. Commercial power prices across all tiers will rise by about 20% on average.