Electricity Tariff Update
The Sector Reform Timeline
B
Gov' Decision on Reform
Done
site
Done
Sale of 'Alon Tavor'
Sale of 'Ramat Hovav' site
חברת החשמל
Israel Electric
Done
In process
Sale of 'East Hagit' site
Sale of "Eshkol❞ site
In discussions
Layout for continued operation of Reading site (in accordance with the Arrangements Law)
Delay in schedule
By the
year
Submitting a plan in Reading site for
:2032
Done
two new CCGT, before depositing
Done
Separation of the System Management & PDT
Commercial
In process
Construction of the first NG fired CCGT H (unit 70) at 'Orot Rabin' site
operation (1,2)
Commercial
operation(1,2)
In process
Construction of the second NG fired CCGT H (unit 80) at 'Orot Rabin' site
In process
Transfer of 'Area D'
Possession
transferring subject to
milestones standing in
art agreement
In
process
Preparations for a pilot in the supply segment
Pilot in the supply segment
Preparations for opening the electricity sector
to full competition (3)
T=0
06/03/18
T=18
12/3/19
T=22
3/31/20
T=30
12/3/20
T=39 T=41
9/1/21 11/1/21
T=48
6/1/22
T=55
01/01/23
T=61
T=64
6/3/23
T=73 T=74 T=77
9/30/23 11/2023 05/23 06/03/24 09/24
Source: IEC's Financial Statements for 9M.2023
1.
2.
3.
Commercial operation is the date on which the generation unit successfully passed all the acceptance tests of the System Manager as defined in the criteria published by the Electricity Authority, and the
generation license entered effect.
Following the "Iron Sword" War, there may be additional postponement of operating dates
The Electricity Authority (EA) is intended to open the electricity sector to full competition at the beginning of 2024
Investor Relations
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