International Journal of Economics and Business Administration
Articles Information
International Journal of Economics and Business Administration, Vol.4, No.4, Dec. 2018, Pub. Date: Jan. 19, 2019
Energy Cost Analysis for Domestic Economics in Egypt Based on the Pound Floating
Pages: 123-138 Views: 1516 Downloads: 413
Authors
[01] Sara Nada, Department of Economics, Faculty of Economics & Political Sciences, Cairo University, Cairo, Egypt.
[02] Mohamed Hamed, Department of Electrical Engineering, Faculty of Engineering, Port Said University, Port Said, Egypt.
Abstract
Recently, the fuel saving becomes the most important title on the universe because the use of energy is going to be highly increased. Otherwise, the new strategy for fuel saving accounting the implementation of renewable energy instead of the traditional although its use is more expensive especially in the developing countries. The energy consumption has a great effect on the cost growth in different countries although it has a stable characteristic in some countries. This will be very significant for the developing countries in general, but the exchange market may take place in the process of costing. This paper presents the costing subject in Egypt as a developing country where the domestic economics can be evaluated. The energy consumption is investigated for the special tariff growth in Egypt where the social dependency for the low energy consumers in the main tariff. The correlation of energy cost in Egypt based on the process of accounting and the cycle of recording the readings of consumption to control the exact monthly (30 days) cost of domestic energy. The apparent cost excess, and the corresponding percentage rise, for the manual registering of energy consumption is calculated for the domestic customers in Egypt for 38 years according to the tariff history. The pricing of domestic energy utilization is proposed to cover the Engineering effect in the technical process of operation besides the principle of Economics related. The given investigation correlates the automatic random characteristics in the domestic loads of customers. The effect of the recent floating of the Egyptian Pound (2016) is studied due to its importance for the microeconomics. Also, the history of the Egyptian energy cost history is investigated and discussed. The insertion of communication technology for the exact readings is recommended because it solves the problem of delay in recording the readings.
Keywords
Monthly Reading Correlation, Domestic Energy, Pound Floating, Calibration, Tariff Progress, Cyclic Cost Analysis
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