Electricity Tariff Update

Demand for Electricity (MW) חברת החשמל Israel Electric National Electricity Peak Demand & Total Electricity Produced in the Entire Sector Trends 14,000 12,000 2.8% Average Annual Growth Rate 10,000 7.6% Average Annual Growth Rate 8,000 6,000 4,000 2,000 1990 (TWh) 75 The demand for electricity in 70 Israel is growing at a fast and steady pace 65 Demand is driven by both 60 population growth and the 77 73 73 74 increase in electricity 64 67 68 70 65 55 consumption per household Multiplied by 3.8 in 32 years 54 54 53 58 60 62 61 50 Noga's demand forecast 45 anticipates an average annual increase of 2.2% in the years 2023 to 2025 40 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 Total Electricity Produced in the Sector National Electricity Peak Demand Seasonality in Electricity Demand - Average Consumption of Households (kWh) 1,000 800 600 400 200 0 Q4- Q1- Q2- Q3- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 ■Base Q4- Q1- Q2- Q3- 2020 2021 2021 2021 Q4- 2021 Q1- Q2- Q3- Q4- 2022 2022 2022 2022 Heating Cooling Source: IEC's Annual Financial Statements (1990FY-2022FY), IEC's Statistical data, The Electricity Authority Report on State of Electricity Sector Year of 2022 Investor Relations 51

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