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Egypt ERA notifies 3 companies over electricity price violations - Daily News Egypt

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Egypt ERA notifies 3 companies over electricity price violations

The violating companies includes Egyptian Gulf Company for Tourism Projects, Misr Italia, and UGCO


The Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) has notified Misr Italia Group, Egyptian Gulf Company for Tourism Projects, and UGCO about selling electricity price violations to customers.

A source told Daily News Egypt that the three companies have licenses to distribute electricity, and that the Egypt ERA has received several complaints about changes in electricity selling prices imposed by the aforementioned companies from the prices set by the government in the fiscal year (FY) 2019/20.

The source added that committees formed by the Egypt ERA observed violation in the three companies’ electricity selling systems to customers, and gave a notice period to them to address these observations.

Egyptian Gulf Company for Tourism Projects obtained a license to distribute electricity at Golden Beach Village in 2016 for a period of five years. The license shall be renewed annually, with a total convert capacity of 3.65 MVA and the total power expected to be purchased is 1m kWh.

While, UGCO received its license to distribute electricity in 10 projects in Ain Sokhna, North Coast, and New Cairo in 2017 for a period of five years to be renewed annually, with a total convert capacity of 62.2 MVA, and the total energy expected to be purchased in the first year of the license is 45.436m kWh.

Misr Italia obtained a license to distribute electricity for the Mousa Coast project in Oyoun Mousa area with a total convert capacity of 4.5 MVA and a total capacity of 3.56m kwh.

Daily News Egypt contacted officials from the three companies and they confirmed their commitment to the prices set by the state for FY 2019/20.

Officials noted that some observations were made but misunderstood. Officials explained that the companies have signed contracts with all subscribers.

Some officials hinted that the tariff they get from distribution companies to buy kilowatt-hours is estimated to be worth 170 piasters, but they are committed to selling the kilowatt-hour at the same price approved for FY 2019/20, stressing that the violations pointed out will be avoided throughout the coming days

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https://wwww.dailynewssegypt.com/2019/11/26/egypt-era-notifies-3-companies-over-electricity-price-violations/
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