How will Israel benefit from a new energy system?

All residents of Israel will be able to choose their power provider and their electricity prices will decline, saving each family hundreds or even thousands of Shekels each year. The Ministry of Energy and Infrastructure keeps promoting Prosperity Blue and Prosperity Green!

How does Israel respond to electricity consumption forecasts?

In light of these challenges, the Government of Israel is promoting several programs to respond to electricity consumption forecasts, while reducing pollution and increasing the use of natural gas and renewable energy.

Does Israel have a new electricity sector?

In June 2018, the Government of Israel approved a comprehensive structural reform in the Israeli electricity sector, planned to be implemented over the course of 8 years (2018-2026). As part of the reform, IEC’s share in electricity generation will be reduced from 60% to 40%.

Can Israel connect to other grid networks?

There has been some public discussion about linking Israel to other grid networks including in Europe via an undersea interconnector line. Overall installed capacity in 2021 totaled 21.5 GW, with parastatal company Israel Electric Corporation (IEC) accounting for 61% of production, with independent power producers accounting for the remainder.

How much power will Israel have in 2021?

Overall installed capacity in 2021 totaled 21.5 GW, with parastatal company Israel Electric Corporation (IEC) accounting for 61% of production, with independent power producers accounting for the remainder. According to the Electricity Authority, installed capacity in 2025 should reach 27.9 GW to meet the electricity consumption forecasts.