Electricity prices to drop 10% in February

By
January 22, 2015 18:39

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Dropping by the largest percentage in Israel’s history, household electricity prices are expected to fall 10.05 percent on February 1, the Public Utility Authority announced on Wednesday evening.

Israel’s residential customers will pay a rate of 48.60 agorot per kilowatt-hour, as opposed to the 54.03 agorot price they are currently paying, the PUA said. This 5.43 agorot per kilowatt-hour drop amounts to an average annual savings of about NIS 550 per household, the authority added.

While household electricity tariffs are set to drop 10.05%, the average decline in electricity prices among all types of consumers in the country will be an even greater 11.84%, according to the PUA. The sharp declines in prices are in large part to the “massive penetration” of natural gas into the Israeli energy market, as well as the end of the repayment of losses caused by the severance of Egyptian gas in 2011, the PUA said.

Related Content

Breaking news
August 16, 2018
Islamic State claims deadly Kabul suicide bombing

By REUTERS