Home
/ Residential and commercial property in Egypt / Egypt: Electricity fees to be raised by 7.5% in November
Egypt: Electricity fees to be raised by 7.5% in November
![Egypt: Electricity fees to be raised by 7.5% in November](/media/uploads/content_item/cache/electricity-egypt_region_image.jpg)
Created: Sep 30, 2010,
modified: Jan 13, 2012,
overall rating: 0.000
The government has decided to apply the fifth phase of planned electricity fee increases in November, according to an official source.
A 7.5-percent fee increase on electricity consumed in November would be included on electricity bills issued the following month, the source noted.
Egypt's Council of Ministers first approved the fee hikes in 2004, but postponed their implementation until 2009 in light of the unfolding global financial crisis.
Earlier phases had involved incremental 5-percent increases. This time, however,the Electricity Ministry plans to raise fees by an additional 2.5 percent in order to pay its outstanding debts to the Petroleum Ministry for energy supplies purchased earlier, according to the source.
The ministry also decided to levy the additional fees after investment in the energy sector rose to a total of LE2 billion in 2009, said the source, who went on to point out that low-income households would be exempted from the increase.
Currently, an estimated 4.5 million citizens--whose total monthly electricity consumption stands at less than 50 kilowatts--fall into the latter category.
The source also pointed out that the fee hikes would not be applied to energy-intensive industries, since these had already been subject to increases in separate increments levied three months ago.
Translated from the Arabic Edition.
Your Rating:
Overall rating: 0.000
Totally voted: 0
Comments
Login/Registration
Weather in:
Exchange Rates
1 USD = 16.200 LE
1 EUR = 18.040 LE
News
-
IMF loan expected next month
Apr 22, 2013, rating: 3.000, 3 votesEgypt may secure an International Monetary Fund loan agreement in about amonth, state news agency MENA reported, quoting "informed" sources ...
-
Egypt received 11 million tourists in 2012 and aims to boost that number to 14 million in 2013.
Jan 22, 2013, rating: 3.000, 2 votesEgypt received 11 million tourists in 2012 and aims to boost that number to 14 million in 2013.
-
Egypt limits travelers leaving country to US$10,000 in cash
Dec 26, 2012, rating: 3.250, 4 votesEgypt has banned travelers from carrying more than US$10,000 in foreigncurrency cash in or out of the country ...
-
National Coalition on Climate Change for Egypt is born
Nov 30, 2012, rating: 5.000, 1 votesThe global COP18 conference on climate change opens in Doha Monday.About 17,000 participants from all over the world ...
-
Judgment for sexual harassment
Nov 14, 2012, rating: 3.600, 5 votesA man was sentenced to two years in prison and fined LE 2,000 for sexually harassing a woman, an ...
-
Scientists are enthusiastic about hydrogen's green applications
Nov 13, 2012, rating: 4.000, 3 votesAs fossil fuel reserves decrease, many countries are turning to hydrogen as one of the main sources of alternative energy ...