The government approved a phased 31% increase of the electricity tariff over the next three years, allegedly because the Egyptians have ceased supplying us with gas.
Which is odd, as we were buying the gas at close to the market price, even though Egypt sold it to the supplier at well below the market. Also, since the cost of gas makes up less than 40% in the consumer tariff, it is quite impossible that any sensible rise in the price of gas would affect the consumer tariff by a third. This reasoning makes sense if we recall that the price of electricity will be increased over three years. It is completely implausible that the power monopoly would absorb the losses in the meantime; thus we can deduce that the utility breaks even but wants to increase its profit.