Electricity rates set to rise for second time in 2022
The price of coal, which generates 23% of Israel’s electricity, has nearly doubled from $210 for each ton to $380 for each ton this 12 months.


Israel’s Public Utilities Authority (Electrical power) will satisfy up coming 7 days to focus on a hike in electric power tariffs because of to the huge price tag boost in coal. The General public Utilities Authority wishes a price tag hike in July, regardless of the political pressures not to increase rates.

Energy price ranges are generally lifted when a calendar year and in January the energy tariff for domestic use was increased 5.7%. But given that then the rate of coal, which is even now used to deliver 23% of Israel’s electrical energy, has just about doubled from $210 per ton to $380 per ton. The condition has been partly eased by the Ministry of Finance canceling excise tax on coal of NIS 105 for every ton, which will continue to be in result until March 2023. Even with this a selling price hike is nevertheless wanted to offset the increase in coal selling prices and sources in the energy marketplace consider that the hike could be as substantial as 15%.

Revealed by Globes, Israel small business information – en.globes.co.il – on June 30, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



