Egypt Raises Electricity Prices for Late-Operating Businesses, Adjusts Residential Rates

Egypt's Prime Minister Mostafa Madbouly has announced a 20% increase in electricity prices for certain commercial activities, specifically targeting establishments that continue to operate past official closing times during daylight saving periods. This measure is part of broader efforts to regulate business operations during the summer season.

The increased tariff will apply exclusively to commercial entities like restaurants and cafes that do not adhere to the mandated closing hours under daylight saving time. Businesses that comply with the official schedule will continue to be billed at the standard rates. The government aims to enforce operating hours more strictly through these adjusted electricity charges.

For households, the electricity prices remain largely stable. The Ministry of Electricity and Renewable Energy has kept rates unchanged for most residential consumption tiers. However, a 16% increase has been implemented for the seventh tier, which covers consumption exceeding 1000 kWh per month. This adjustment targets the highest residential energy users.

The new electricity tariffs for commercial activities are structured in tiers, with rates increasing based on consumption levels. The highest tier for commercial use, above 1000 kWh, will be charged at 279 Piasters per kWh. These changes are intended to align with the government's objectives for energy management and operational regulation during the summer months, as translated from Al-Masry Al-Youm.