Electricity reform is gaining momentum • Competition, savings and smart consumerism – a discount of 7% to 20%

(haipo) The electricity reform, launched by Energy and Infrastructure Minister Eli Cohen, is changing the face of the electricity sector in Israel and allows every consumer to choose their electricity supplier and receive a 7% to 20% discount on the tariff. Since the beginning of the year, over 400 households and businesses have already switched to private suppliers, and in April alone, 25,441 additional switching requests were submitted.

Competition that drives down prices

The entry of another 1,000 megawatts into the competitive market at the beginning of the year is expected to intensify competition and increase discounts for consumers. In addition, the switching time between suppliers has been shortened from 14 days to just 7, allowing for a faster and more convenient transition.

A revolution in the Israeli energy economy

Minister of Energy and Infrastructure, Eli Cohen, He said: "This is the biggest reform in the economy since the cellular reform, which saves every family hundreds and thousands of shekels a year. We broke the monopoly of the Electric Company and opened the economy to competition. I also switched to a private provider, and I call on all citizens of Israel: Compare, switch and save."

Crossing data

According to data from Noga, the company responsible for managing the electricity sector in Israel, of the requests submitted in April:

• 7,701 basic household meter owners
• 8,627 smart home meter owners
• 862 business meter owners
• 8,251 meter owners who switched providers

In total, 418,731 households and businesses have already left the electric company in favor of private suppliers, almost two million citizens who enjoy discounted electricity and significant savings in expenses.

Looking ahead

The reform is expected to continue to gain momentum in the coming months, with an ambitious goal of two million consumers enjoying competitively priced electricity. This is a significant step towards promoting sustainable energy, free competition, and economic savings for Israeli households.