Arab Finance: The Ministry of Electricity and Renewable Energy has kept electricity prices unchanged for the first residential consumption bracket while approving a new tariff for the remaining household consumption brackets, with an average increase of 12%, the ministry announced in a statement.

The revised tariff is intended to support the stability of the country's electricity supply and the financial sustainability of the electricity sector across generation, transmission, and distribution.

The ministry also said the Egyptian government continues to subsidize electricity costs, bearing around EGP 100 billion annually to cover the gap between the cost of producing electricity, based on fuel prices paid by power generation companies, and the newly approved consumer tariff.

According to the ministry, a household consuming 50 kilowatt-hours (kWh) per month will pay about 25% of the actual electricity bill, with the government covering EGP 103. At 100 kWh, consumers will pay 30% of the bill while the state covers EGP 191.

For monthly consumption of 200 kWh, consumers will pay 42% of the total cost, with the government covering EGP 318. At 300 kWh, subscribers will pay 49% of the actual cost, while the state will contribute EGP 419.

The ministry added that consumers using 400 kWh per month will pay 54% of the actual cost, with the government covering EGP 500, while those consuming 500 kWh will pay 59% of the total cost and receive EGP 560 in state support.

For consumption of 600 kWh, households will pay 62% of the actual cost, with the government covering the remaining EGP 620 per bill. Consumers using between 700 kWh and 1,000 kWh will bear 88% of the actual cost, while households consuming 2,000 kWh will pay the full cost of their electricity bill without subsidy.