Morocco’s electricity utility kept bills stable despite surge in energy cost

Morocco’s electricity utility ONEE said it expects the cost of buying energy to more than double to 47.7 billion dirhams this year, from 22 billion dirhams last year, because of a surge in prices of fuel and coal in the international market.

Speaking to MPs, head of ONEE said that this surge was not reflected in household bills.

He stressed the need for bolstering energy efficiency and fighting electricity fraud as well as promoting cheaper and cleaner sources of energy.

Fossil fuel is expected to represent 64% of electricity production in 2022 compared to 44% last year.

Morocco plans to increase the share of renewable energy in its energy mix beyond 52% by 2030.