Africa
With a power score of 1.82, Egypt ranks number 65 among Emerging Markets and number 20 in the Africa region
Power score
1.82/5
Score over time
2021 - 2024
Egypt has a power score of 1.82, which puts it at rank 65 in the Emerging Markets power ranking. In comparison to 2023, Egypt has dropped in the power rankings by 25 places, from rank 40, to rank 65.
At 1.82, the power score of Egypt is better than than the regional average of 1.8 in the Africa region and puts it at rank 20 in the region.
Egypt implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, and Priority grid access.
The average electricity price in Egypt has dropped from 56.47 USD/MWh in 2022 to 55.06 USD/MWh in 2023. Since 2017, the average electricity price in Egypt has fluctuated between 55.06 USD/MWh (2023) and 88.07 USD/MWh (2019).
The top amount of capacity installed in Egypt in 2023 was in Natural Gas at 86.28%, down from 86.71% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 0.87%, up from 0.52% in 2022.
The top amount of electricity generated in Egypt in 2023 was in Natural Gas at 84.2%, down from 85.62% in 2022. The technology with the biggest increase in electricity generated in 2023 was Large Hydro at 8.22%, up from 7.61% in 2022.
Investment in clean energy in Egypt was around $876.50 million in 2023, a decrease of 26.92% from 2022 ($1,199.36 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $1,840.33 million, while the lowest was in 2021 with $198.20 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.