Egyptian Electricity Minister Announces Review of Tariff Tiers and 8% Solar Loans

Electricity Minister Mahmoud Esmat said the government is studying a review of household electricity tariff tiers and offering 8% interest loans for solar installations.

• Esmat said the ministry is studying a review of electricity consumption tariff tiers to ensure the best benefit for citizens.
• He announced concessional loans at about 8% interest for citizens installing solar stations, targeting 1,000 megawatts of rooftop solar within two years.
• Esmat said a new power plant operating model achieved savings of about 70 billion Egyptian pounds over two years.
• He said the sector produces 240,000 to 250,000 gigawatt-hours annually and new renewable projects require investments of about 190 billion pounds.
• Esmat said Egypt is studying building additional nuclear reactors, with the first El-Dabaa unit to connect to the grid by end of 2028.
• He said all consumption tiers receive subsidies of 24% to 88%, except usage above 2,000 kilowatt-hours.
• He said there will be no load shedding at any time, citing indicators reassuring citizens on supply stability.