Egypt to keep electricity prices unchanged for consumers until January 2024

Reuters Images/Amr Abdallah Dalsh - RC1169D2CE00

The country is currently grappling with power shortages as a heatwave drives up demand for cooling

Momen Saeed Attallah, Reuters News

August 17, 2023

PHOTO

CAIRO - Egypt will keep electricity prices unchanged for consumers until Jan. 2024, the cabinet said in a statement on Thursday.

Egypt, however, has committed to deep cuts to energy subsidies and a range of monetary and fiscal reforms as part of a financial support package with the International Monetary Fund.

The country is currently grappling with power shortages as a heatwave drives up demand for cooling.

(Reporting by Momen Saeed Attallah; Writing by Enas Alashray; Editing by Kirsten Donovan)

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