electricity prices

Eshkol power plant, Israel's largest natural gas powered plant, near the port of Ashdod. (Courtesy)

Israel Electric sells Eshkol power plant to private group for over NIS 12 billion

Sale of power plant is part of electricity sector reform to boost competition; Energy Minister Katz says part of proceeds will be used to lower electricity prices

June 18, 2023, 1:49 pm

Israel Electric sells Eshkol power plant to private group for over NIS 12 billion

Sale of power plant is part of electricity sector reform to boost competition; Energy Minister Katz says part of proceeds will be used to lower electricity prices

By Sharon Wrobel

A worker from the Israel Electric Corporation carrying out a repair, August 29, 2020. (Yossi Aloni/FLASH90)

January 1, 2023, 11:28 am

New year brings rash of price hikes in electricity, gasoline, water and property tax

Newly installed government reportedly looking at ways to soften blow; increases could lead to rising consumer prices as businesses seek to cover their own higher bills

By ToI Staff

Milk for sale at a Rami Levy supermarket in Jerusalem on July 17, 2022. (Yonatan Sindel/Flash90)

August 1, 2022, 1:30 pm

Dairy and electricity prices go up as gas, public transportation costs drop

August brings a slew of cost of living changes, with power bills up by 8.6%, and a 4.9% jump in the price of milk; tighter controls on cash payments come into force

By Stuart Winer and ToI Staff

A worker from the Israel Electric Corporation is seen repairing a faulty line, August 29, 2020. (Yossi Aloni/FLASH90)

July 28, 2022, 1:33 am

Electricity prices to rise by 8.6% next month, says electric company

More moderate price hike reached after talks with Environmental Protection Ministry which controls permits for burning fossil fuels; IEC to seek ways to reduce coal use

By ToI Staff

The Reading Power Station and the Yarkon River in Tel Aviv on January 27, 2020. (Gershon Elinson/Flash90/File)

July 11, 2022, 9:35 pm

Electric shock: Power authority says prices to rise 10% starting August

National regulator says Israel relatively cushioned from global energy crisis by local natural gas, but war in Ukraine hampering coal supplies

By Michael Horovitz

Prime Minister Naftali Bennett (C), Finance Minister Avigdor Liberman (R), and Economy and Industry Minister Orna Barbivai share the government's plan to address cost of living in a Jerusalem press conference, February 9, 2022. (Government Press Office)

February 9, 2022, 10:45 pm

Bennett, Liberman promise vexed public to tackle living costs, help families

Plan to add tax benefits, lower tariffs on various products and increase competition expected to cost state coffers some NIS 4.4 billion in 2022

By Carrie Keller-Lynn

A silhouette of a Palestinian boy in the Khan Yunis refugee camp in the southern Gaza Strip on April 19, 2017. The Gaza Strip's only functioning power plant was out of action. (AFP/Mahmud Hams)

April 22, 2017, 10:55 am

Cynically led, and out of electricity, Gaza is close to breaking point again

Hamas is funneling all available resources into its military infrastructure to fight Israel, complaining that Abbas won’t pay for its fuel, and milking everything it can from Gazans. It won’t end well

By Avi Issacharoff

File: power station in Haifa bay (Photo credit: Shay Levy/Flash 90)

February 1, 2016, 1:17 am

$1.3 billion of natural gas pledged for two new Israeli power plants

Leviathan signs first deal for gas supply with Israeli, Turkish companies; Edeltech set to control 10% of all power in Israeli economy

By Sue Surkes

The Eshkol power station in Ashdod (Photo credit: Tsafrir Abayov/Flash90)

January 22, 2015, 11:37 am

Electricity price to drop by 10% in February

Reduction expected to result in savings of about NIS 500 ($127) per year for the average household

By ToI Staff

December 31, 2014, 5:38 pm

Electricity price cut delayed until February

Almost 10% reduction expected to result in savings of about NIS 500 ($127) per year for the average household

By ToI Staff

Gas rigs in the Tamar field, off the coast of Israel, in June 2014. (Moshe Shai/Flash90)

From the WebDecember 31, 2014, 6:32 am

US pushes Israel on Noble Energy deal

Kerry speaks to Netanyahu about energy agreements after Antitrust Authority breaks up gas ‘monopoly,’ Reuters reports

December 24, 2014, 12:54 pm

Electricity prices to drop 9.4% in 2015

Move made possible due to natural gas fields making power production cheaper

By Stuart Winer

Workers on the Israeli 'Tamar' gas processing rig, 24 km off the Israeli southern coast of Ashkelon. (Moshe Shai/FLASH90)

December 23, 2014, 3:21 pm

Gas cartel breakup very positive for Israel, says expert

The dire prognosis of the Leviathan and Tamar developers is expected but shouldn’t worry Israelis, according to a top antitrust attorney

By David Shamah

December 23, 2014, 11:10 am

Regulator breaks up energy ‘cartel’ developing gas fields

Antitrust Authority acts against Noble, Delek ‘monopoly’; move could hold up extraction for years; US-based firm to reconsider investment

By Lazar Berman

December 19, 2014, 1:42 pm

Natural gas to cost Israelis double world average, report says

The discovery off Israel’s shores will do nothing to lower the price of electricity — but rather increase it, according to an energy expert

By David Shamah