Cairo energy storage policy subsidies

Has Egypt implemented energy subsidy reforms?

The report 'Energy Subsidy Country Update' by the Global Subsidies Initiative in 2014 assesses Egypt's energy subsidy reforms.

Is Egypt phasing out energy subsidies?

Phasing out energy subsidies is high on the agenda of policymakers in Egypt. This paper examines the phasing out of energy subsidies in Egypt under alternative economic scenarios.

When was the IISD report on Egypt's energy subsidy reforms published?

IISD (International Institute for Sustainable Development) Energy Subsidy Country Update: Assessing Egypt's Energy Subsidy Reforms was published in 2014. Global Subsidies Initiative International Institute for Sustainable Development, Geneva

Should Egypt remove all fuel subsidies?

Other simulation results suggest that Egypt completely remove all fuel subsidies. This could help reduce the budget deficit or fund education, health, and other service sectors. However, it is necessary to set a compensation scheme to minimize public resistance and make sure it is affordable.

Why were Egypt's energy subsidies so wasteful and inefficient?

Egypt’s energy subsidies were particularly wasteful and inefficient because below-market clearing controlled prices provided producers with below-cost inputs, resulting in overconsumption, distorted commodity markets, poor quality and unreliable services as well as enormous claims on public resources.

What is the subsidy-to-cost ratio for LPG in Egypt?

The subsidy-to-cost ratio for LPG in Egypt is around 81 percent. In particular, the Government of Egypt (GOE) increased registered prices of liquefied petroleum gas (LPG), gasoline, natural gas, and diesel. Nevertheless, the subsidy-to-cost ratio remained high.