In light of the entry into force of the customs tariff order and the fuel excise order: the Electricity Authority published today (Wednesday) an update of the electricity tariffs for 2023. The tariff for a representative domestic consumer will decrease by 1.5 percent.
The decision will come into effect on February 1.
This is a significantly more moderate discount than the promises made two weeks ago when presenting the plan to reduce the price increases in the economy - then it was said that the electricity tariff would be frozen at 70%.
We will remind you that at the beginning of the month the electricity tariff increased by 8.2% and now according to the announcement of the Electricity Authority it will decrease by 1.5%, which means that it is a reduction of less than 20%.
A concerned citizen in front of the electricity tariffs, photo: Dodo Greenspan
The discount was made possible by waiving the state revenue from the excise tax on coal, which was reduced from NIS 105.40 per ton to NIS 1 per ton - which will result in a reduction of approximately 1.5% of the electricity tariff.
Energy Minister Israel Katz: "Following the lowering of the excise tax, Energy Minister Israel Katz welcomes today's decision by the Electricity Authority to lower the electricity tariff.
We will continue and do everything to lower the cost of living for the benefit of all Israeli citizens."
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