Offers for selling electricity by investors to private sector consumers lasts until Aug.

CAIRO - 3 June 2024: Dr. Muhammad Musa Omran, CEO of the Electricity Utility and Consumer Protection Regulatory Agency, revealed that receiving offers for selling electrical energy by the private sector to private sector consumers has begun as of June 1, stressing that the agency will continue to receiving applications until next August 31.

 

Omran said that the experience of allowing the private sector to sell energy to the consumer from the private sector also opens the door to liberalizing the electricity market in Egypt.

 

He signaled that the Electricity Utility and Consumer Protection Regulatory Agency set the value of network usage fees in exchange for allowing the selling of the energy to the consumer from the private sector, for the benefit of the Egyptian Electricity Transmission Company, at a value of 4 piasters 96 per kilowatt for ultra-high voltage, while for high voltage, it is 14 piasters 53 per kilowatt, and for medium voltage, it is 15 piasters 52 per kilowatt.

 

Omran explained that determining the price of a kilowatt-hour in this experiment will be known by both parties to the contract, namely the investor and the consumer from the private sector, but according to conditions determined by the Electricity Utility Regulatory and Consumer Protection Authority, the most important of which is that the price should not be exaggerated in accordance with the actual cost of a kilowatt-hour, whether for conventional energy or renewable energy.