Price of electricity to drop by 5% on Wednesday

June 8, 2009 11:52

The price of electricity will drop by five percent on Wednesday, the Israel Electric Company (IEC) announced Monday. IEC chairman Amnon Shapira said the drop in prices was due to "a significant drop in the price of fuels used to produce electricity." The fuels used to run electricity-generating turbines dropped in price by some 11.3 percent over the past few months. The main contributing factor is a 24% drop in the price of coal. A kilowatt of electricity for home usage will cost just over NIS 0.44 starting Wednesday at midnight.

Related Content

Breaking news
May 20, 2018
PA President Mahmoud Abbas hospitalized for third time in a week