CAIRO – 12 June 2018: Minister of Electricity Mohamed Shaker announced Tuesday in a press conference new hikes in electricity prices.

According to Shaker, the overall increase does not exceed 26 percent, while the average hikes in bills for housholds amount around 24 percent.

The minister also affirmed that the new hikes save the country from potential losses that might reach LE 109 billion.

He added that users of the first bracket of the housing use segment only bear 18 percent of the total cost of the bill; as they pay LE 12 while the actual bill costs LE 65.

The new prices, according to the minister, come as part of the government’s economic reform program, and they will be effective as of July 1 as follows:

Housing use:

First bracket: From 0 to 50 kilowatts = (22 piasters up from 13).

Second bracket: From 51 kilowatts to 100 = (30 piasters up from 22).

Third bracket: From 0 to 200 kilowatts = (36 piasters up from 27).

Fourth bracket: From 201 to 350 kilowatts = (70 piasters up from 55).

Fifth bracket: From 351 kilowatts to 650 = (90 piasters up from 75).

Sixth bracket: From 651 to 1000 kilowatts = (135 piasters up from 125).

Seventh bracket: From 0 to more than 1000 kilowatts = (145 piasters up from 135).

Commercial use:

From 0 to 100 kilowatts = (55 piasters up from 45).

From 0 to 250 kilowatts = (100 piasters up from 84).

From 601 to 1000 kilowatts = (115 up from of 135).

From 0 to over 1000 kilowatts = (150 piasters up from 140).