Electricity supply market to be fully competitive from July

• Published date: 11 April 2024
• Author: Dean Shmuel Elmas
• Publication title: Globes (Rishon LeZion, Israel)

There are 47 companies which have received a license to supply electricity, with 18 of these companies already active. The Israel Electric Authority regulates procedures by which consumers can switch from the Israel Electric Corp. to a private supplier

Cohen said, "Electricity is a basic consumer product in every Israeli home. The reform approved today is an historic revolution that will open for the first time the country's electricity market to competition. From July 25 it will be possible for every Israeli family to choose their electricity supplier and we will provide every consumer with an equal opportunity to reduce their electricity bill by hundreds and even...