IEC Transmission Segment Development Plan 2023-2027
The Electricity Tariff Updates
Date of update
Update rate
01/01/2023
8.2%
חברת החשמל
Israel Electric
1
Decision factors
Ongoing and increase in the global coal prices
Prohibition of the Ministry of Environmental
Protection to operate old NG units at Eshkol site,
which forced to increase the electricity
production in coal, delaying the construction of
the new 2 CCGT in Hadera
Delay in conversion of coal units to NG in Hadera
and Ashkelon
Increases at the interest rates and Israeli
consumer price index
02/01/2023
1.5%
Extension of reduction of the excise tax on coal
04/01/2023
2.4%
Reduction in coal prices and their stabilization
since the beginning of the year
Source: IEC's Financial Statements for 2022FY and for H1.2023, Electricity Authority's decisions no. 62302 as of 01/24/22, no. 63006 as of 04/12/22, no. 63308 as of 07/27/22, no. 64504 as of 12/21/22, no. 64801 as of
01/26/23 and no. 65203 as of 03/26/23- electricity tariff to IEC's consumers
Investor Relations
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