Daylight savings time generated some NIS 70 million for the local economy through a combination of lower electricity consumption, increased worker productivity and a rise in sales.
The summer clock, which is set to end Sunday, September 16, when the country switches its clocks back one hour, also added greatly to the quality of life of Israeli citizens, said Yechezkel Daskal, director general of the Federation of Israeli Chambers of Commerce, as it provided an additional hour of daylight to enjoy free-time.
According to the Manufacturers Association of Israel, about NIS 14m. of the total savings came from the household sector, mainly from the reduced reliance on electricity.
"We are talking about only a small reduction, probably about 0.45% a day in less electricity used, but this still adds up to a significant total when it is all calculated," said the Association's Moshe Cohen. Overall, he said, the reduction in energy consumption saved the country an estimated NIS 40m..
Daylight Savings Time in Israel begins each year on the last Friday before April 2 when clocks are pushed ahead one hour at 2:00 a.m. and ends on the Saturday night between Rosh Hashana and Yom Kippur when clocks roll back back from 2:00 a.m to 1:00 a.m.