Publication date: 2015, September
Author: SHARKAWY & SARHAN
Description: This paper provides an overview of how the new Electricity Law reforms the electricity market in a number of key respects:
1. allows for private sector participation, in the generation of electricity, for both locals and foreigners, by introducing a simple legal licensing regime;
2. allows for the first time for private sector participation in the distribution of electricity for both locals and foreigners;
3. introduces the concept of competitive electricity markets for the first time in Egypt by setting out the framework for market liberalization through demonopolising generation and distribution activities;
4. restructures the roles of both the Egyptian Electric Utility & Consumer Protection Agency (“ERA”) and the Egyptian Electricity Transmission Company (“EETC”), and redefines their competencies and interaction with the power sector participants to ensure equality and freedom of competition;
5. codifies the fundamentals of permitting and licensing; and 6. unifies various regulations relating to the electricity sector.
