GCA Financial Targets for Government Companies
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
(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
73 73 74
increase in electricity
67 68 70
55
consumption per household
64
65
58
60
62 61
50
Noga's demand forecast,
-Multiplied by 3.7 in 31 years 54
including Covid-19 effects
45
and the expected demand
from electric vehicles,
40
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Total Electricity Produced in the Sector
National Electricity Peak Demand
Seasonality in Electricity Demand - Average Consumption of Households
anticipates an average annual
increase of 3.1% in the years
2022 to 2027
(kWh)
1,000
800
600
400
200
0
Q4-
Q1- Q2- Q3- Q4- Q1-
Q1- Q2- Q3-
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 2020 2021 2021 2021
■Base
Heating Cooling
Q4-
2021
Q1- Q2- Q3- Q4-
2022 2022 2022 2022
Source: IEC's Annual Financial Statements (1990FY-2022FY), IEC's Statistical data, The Electricity Authority - Report on State of Electricity Sector Year of 2021
Investor Relations
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