Electricity rates set to rise for second time in 2022
The price of coal, which creates 23% of Israel’s energy, has practically doubled from $210 per ton to $380 for each ton this year.


Israel’s Public Utilities Authority (Electricity) will satisfy upcoming week to talk about a hike in electrical energy tariffs owing to the substantial price tag improve in coal. The General public Utilities Authority needs a rate hike in July, in spite of the political pressures not to increase costs.

Electric power charges are generally lifted the moment a yr and in January the energy tariff for residence intake was greater 5.7%. But considering the fact that then the cost of coal, which is continue to made use of to produce 23% of Israel’s electrical energy, has nearly doubled from $210 per ton to $380 for every ton. The situation has been partly eased by the Ministry of Finance canceling excise tax on coal of NIS 105 per ton, which will stay in influence until March 2023. Despite this a price hike is however necessary to offset the rise in coal price ranges and sources in the vitality industry think that the hike could be as large as 15%.

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

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



