Middle East & Africa

Egypt is reforming its energy pricing in a bid to help shore up its fiscal budget and manage power consumption. This is likely to hold down growth in electricity consumption, albeit moderately given macroeconomic drivers are expected to underpin power demand over the next few years. 

The country hiked electricity prices by 42% for industrial customers and by 21% for households on 1 July as part of a three-year economic reform programme that began in 2016. However, prices are still below international averages. The largest industrial...