Reducing electricity prices for households not likely, but exempting segments is possible: sources

Reducing electricity prices for households not likely, but exempting segments is possible: sources

Business Reducing electricity prices for households not likely, but exempting segments is possible: sources. The government will not reduce the prices of electricity for household use, but some segments may be exempted from the price increase scheduled for July,, government sources told Daily News Egypt.. The sources stressed that the government took a decision to reduce the prices of electricity to factories on the ultra-high, medium and high voltage by 10 piasters to support the factories against the global difficultiesand the outbreak of Coronavirus.. The government had approved an increase in electricity prices for the fiscal year 2019/2020 by between 3.7 to 39% for household segments and from 6.6 to 21.7% for commercial segments.. The sources pointed out that the increase in prices will be slight and will not affect the low-income bracketsand it will be variable according to the consumption rates, with continued mutual support from the intensive consumers to the less-consuming groups..