Lineman Forum: (Power)-Home power rates to drop - Lineman Forum

The Electricity Authority unanimously approved new rates yesterday, as the natural gas revolution begins to take hold in the energy sector.

As of February 15 the electricity rate for residential consumers will drop by 9.6% to 41.32 agorot per kilowatt hour, down from 43.59 agorot per kilowatt hour. Rates for commercial and public institutions are dropping by 16.3% to 43.59 agorot per kilowatt from the current rate of 52.09 agorot.

The rate for large-scale electricity consumers will fall by 8.6% to 12.5%, based on the voltage supplied.

The Electricity Authority's plenum convened one week after TheMarker revealed that the authority was planning the sharpest rate cut ever seen in Israel, and was attended by all four members.


http://www.haaretz.c...es/1146938.html

That'll help out the wallet!