Israel electricity authority using funds from power plant sale to fund war
Israel’s Electric Authority said that income from the sale of the “Eshkol” power station will be transferred “first and foremost” to cover expenses caused by the war in Gaza.
Emergency preparedness in the energy sector in general and the electricity sector in particular is carried out on an ongoing basis. Therefore, the electricity tariff also includes costs for emergencies.
The electricity sector has been prepared for an emergency in recent years in accordance with government decisions dedicated to the issue as well as in accordance with the policy principles “Preparing the electricity sector for an emergency from June 23, 2019” established by the then Minister of Energy, Yuval Steinitz, and which were not published for security reasons.
