Israel: On May 1, electricity will fall in price by 2.2%

The Electricity Authority has announced that the government’s decision to abolish the excise tax on coal will affect electricity prices from 1 May. The tariff for households will decrease by 2.2%.

Recall that in February 2022, the cost of electricity increased by 5.7%, mainly due to a doubling of world coal prices in 2021, to which was added the introduction of an excise tax on coal.

In view of the sharp increase in inflation, the government decided to cancel the excise tax on coal, which was reflected in a partial reduction in tariffs. At the same time, the Electricity Administration emphasizes that already in 2022, coal prices increased by 45%, and if the situation does not change, then the increase in electricity prices will continue with the next tariff indexation.

By Editor

Leave a Reply