The value of coal, which makes 23% of Israel’s electricity, has just about doubled from $210 for each ton to $380 for each ton this calendar year.


Israel’s General public Utilities Authority (Electric power) will meet future 7 days to talk about a hike in electricity tariffs owing to the large selling price boost in coal. The General public Utilities Authority would like a value hike in July, regardless of the political pressures not to elevate prices.

Electricity prices are normally lifted the moment a 12 months and in January the energy tariff for family consumption was amplified 5.7%. But considering that then the selling price of coal, which is continue to employed to deliver 23% of Israel’s electricity, has almost doubled from $210 for each ton to $380 per ton. The problem has been partly eased by the Ministry of Finance canceling excise tax on coal of NIS 105 for each ton, which will stay in impact right until March 2023. Even with this a value hike is nevertheless desired to offset the rise in coal charges and sources in the vitality current market believe that the hike could be as significant as 15%.

Released by Globes, Israel business enterprise news – en.globes.co.il – on June 30, 2022.

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