Reduction of electricity tariff brackets for coded meters begins in New Valley
The Governor of the New Valley, Hanan Magdy, announced that the Ministry of Electricity and Renewable Energy and the Egyptian Electricity Holding Company have approved a reduction in the tariff rate for “coded” electricity meters issued prior to January 2024. The rate will be lowered from 275 piasters per kilowatt-hour to 192 piasters per kilowatt-hour—a … The post Reduction of electricity tariff…
In a bid to alleviate the financial strain on citizens, the Governor of New Valley, Hanan Magdy, has announced a reduction in tariff rates for "coded" electricity meters issued before January 2024. The Ministry of Electricity and Renewable Energy, alongside the Egyptian Electricity Holding Company, have agreed to cut the rate from 275 piasters per kilowatt-hour to 192 piasters per kilowatt-hour—a decrease of 83 piasters per kilowatt-hour.
This measure comes into effect from November 1, in response to public demands and to alleviate the financial burden on individuals. Governor Magdy highlighted that this decision is part of ongoing collaboration with the Ministry of Electricity and other authorities, with the goal of streamlining processes and providing additional support to citizens, all while considering social factors and the objective of reducing the cost of electricity.
Yasser Omar, the Head of the Electricity Sector in New Valley, reported that charging centers are now receiving individuals seeking to modify their billing category through their meter-recharge cards. He added that the required administrative steps to implement this reduction are being closely monitored to ensure that the eligible individuals benefit from the new rates.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
