Egypt Independent

New electricity rates to be announced soon: minister

Electricity Minister Mohamed Shaker said on Thursday that he plans to announce new price categories for electricity usage, saying that a press conference will be arranged soon for the purpose.

In an interview broadcast on Dream Channel on Thursday evening, Shaker said that the state takes low-income customers into account when setting the new pricing regime.

Shaker has increased electricity prices as a prelude to the cancellation of electricity subsidies, in accordance with a 2014 plan for the removal of state subsidies in the sector.

The new prices will be applied starting July, according to the minister, suggesting that they will be applied retrospectively.

Edited translation from Al-Masry Al-Youm