IEC Transmission Segment Development Plan 2023-2027
Progress in implementation of the electricity
sector reform and structural change - cont.
Organizational changes and efficiency program
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חברת החשמל
Israel Electric
From 2018 to June 30, 2023, 1,763 permanent employees retired as part of the reform agreements in
parallel with the employment of temporary employees.
Competition in the supply segment
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On September 7, 2022, the Electricity Authority issued a decision on a market model for generation and
storage facilities that regulates the activities of generation facilities in the distribution segment and in
particular their possibility of selling electricity directly to suppliers.
The quotas for suppliers as determined by the electricity authority will be removed as part of opening the
supply market to competition.
Renewable energy storage facilities
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On January 25, 2023, the electricity authority published a decision which details the principles and
volume by which IEC will be allowed to construct storage facilities by 2030, within the area of substations
only and subject to receiving a storage license.
The decision determines that the company's market share will be 15% of the total storage volume
promoted by the private sector, in the previous year, and that in general, the storage deployment will be
carried out in accordance with a plan that will be approved by the Noga Company.
Source: IEC's Financial Statements for 2022FY and for H1.2023
Investor Relations
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