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


Israel’s Community Utilities Authority (Electricity) will meet subsequent week to explore a hike in electrical power tariffs thanks to the massive price tag improve in coal. The Public Utilities Authority would like a price tag hike in July, irrespective of the political pressures not to raise costs.

Electricity charges are typically raised after a 12 months and in January the energy tariff for family use was increased 5.7%. But considering that then the selling price of coal, which is nonetheless made use of to produce 23% of Israel’s energy, has virtually doubled from $210 for every ton to $380 for every ton. The circumstance has been partly eased by the Ministry of Finance canceling excise tax on coal of NIS 105 per ton, which will keep on being in impact until finally March 2023. Even with this a price hike is however needed to offset the rise in coal selling prices and resources in the strength market believe that that the hike could be as substantial as 15%.

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

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



