The governorate of New Valley in Egypt has announced a reduction in the accounting rate for code electricity meters issued before January 2024, to 192 piasters per kilowatt-hour from 275 piasters, a decrease of 83 piasters per kilowatt-hour. This change, effective November 1, 2026, comes after approval from the Ministry of Electricity and Renewable Energy and the Egyptian Electricity Holding Company. The decision aims to alleviate financial burdens on residents.
New Valley Governor, Hanan Majdi, stated that the approval was in response to citizens' demands and an effort to reduce the financial burden of electricity consumption. The governorate will continue to coordinate with the Ministry of Electricity and relevant authorities to facilitate procedures and offer more conveniences, considering social aspects and easing citizens' burdens. This move demonstrates the governorate's commitment to improving living conditions.
Yasser Omar, head of the Electricity Sector in New Valley, explained that citizens can now visit charging centers to change their accounting rate using their meter charging card. The sector will continue to monitor the implementation of the reduction and ensure that eligible citizens benefit from the new prices. The process aims to simplify the rate change procedure, guaranteeing that the reduction reaches those who qualify.
The decision is part of the New Valley Governorate's efforts to coordinate with the Ministry of Electricity and Renewable Energy and the Egyptian Electricity Holding Company. This aims to respond to citizens' demands and alleviate their financial burdens by reassessing the accounting rate for code meters covered by the decision. The new rate will be applied starting November 1, 2026.
The reduction in electricity meter rates is one of the governorate's initiatives to ease living costs and improve services provided to citizens. Continuous coordination with relevant authorities and responsiveness to citizens' needs are key aspects of the governorate's strategy. This move is expected to positively impact residents' lives.
Eligible citizens can benefit from the new rates by visiting charging centers and changing their accounting rate. The Electricity Sector in New Valley will oversee the process, ensuring a smooth transition to the new rates. This decision reflects the governorate's commitment to enhancing the quality of life for its residents.
The Egyptian government has been working to improve electricity services and reduce costs for citizens. This decision in New Valley Governorate aligns with these efforts, demonstrating a focus on social welfare and economic stability. The governorate will continue to work with relevant authorities to implement this decision effectively.
Key points
- The New Valley Governorate has reduced the accounting rate for code electricity meters to 192 piasters per kilowatt-hour, effective November 1, 2026.
- The decision aims to alleviate financial burdens on residents and respond to their demands.
- Eligible citizens can change their accounting rate by visiting charging centers with their meter charging card.
