Egypt cuts electricity price 30% for pre-2024 code meters for six months

Egyptian electricity distribution companies began on November 1 applying a six-month, 30% price reduction for code meters installed before January 2024.

• Electricity distribution companies began applying on November 1 a 30% reduction in consumption prices for household code meters installed before 2024.
• A company source said the price falls from 2.74 pounds to 1.92 pounds per kilowatt-hour, covering about 7.5 million meters.
• The source said the discount is applied automatically when charging the electricity card, without citizens visiting company offices.
• The reduction lasts six months pending the meters' legal status, implementing presidential directives to ease burdens on citizens.