Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Egypt raises electricity prices for high-consumption households and businesses

Egypt raises electricity prices for high-consumption households and businesses

金十金十2026/04/05 05:04
Show original
Golden Ten Data reported on April 5 that Egypt's Ministry of Electricity announced on Saturday it will increase electricity prices for high-usage residential and commercial users starting in April, due to the severe global energy crisis triggered by the Gulf region war. This move is the latest in a series of measures by the Egyptian government aimed at controlling energy consumption and alleviating mounting fiscal pressure, as rising import costs strain the national budget. According to a statement from the Ministry of Electricity, households with low electricity usage will not be affected by this price adjustment. The hike will apply only to high-usage groups and commercial users, in order to maintain power supply for residential, commercial, and industrial sectors. The electricity price for residential users with a monthly consumption of 2,000 kilowatt-hours or less will remain unchanged, while higher consumption bands for residential users will see an average increase of 16%. Commercial power prices across all tiers will rise by about 20% on average.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Goldman Sachs Bets on 'Rising Stocks and Bullish Bonds': S&P 500 Targeted at 8,700 Points, 10-Year US Treasury Yield Falls to 4.5%

Goldman Sachs expects the S&P 500 index to rise by 13.7% over the next 12 months, with the 10-year US Treasury yield falling from the current 5% to 4.5%. The bank's 12-month target for the S&P 500 is 8,700 points.

智通财经2026/09/23 02:47

Up 14% since July! Forex options traders bet the Korean won rally will continue

Forex options traders are betting that the Korean won, which has been leading the Asian forex market since July, will continue its strong momentum.

智通财经2026/09/23 02:46
Up 14% since July! Forex options traders bet the Korean won rally will continue

Oppenheimer: Azure and M365 Commercial Edition expected to accelerate in fiscal 2027; Microsoft (MSFT.US) target price raised to $570

Oppenheimer raised Microsoft's target price from $515 to $570 and maintained its "Outperform" rating.

智通财经2026/09/23 02:46