Outgoing Israeli Government Seeks to Shift Water Cost Burden to Next Administration
Translated & summarized from TheMarker by baba
Israel's outgoing government is trying to pass NIS 260 million in water costs to the next administration to lower upcoming tariff increases. An algae-related desalination crisis is expected to cost the public NIS 160 million, with NIS 120 million already paid. The Water Authority Council decided not to include NIS 40 million in future costs in next year's tariffs, limiting the January increase to 2.3%.
The story in 5 lines · by baba
- Outgoing Israeli government seeks to shift NIS 260 million in water costs to the next administration.
- An algae-induced desalination crisis is projected to cost the public NIS 160 million.
- NIS 120 million has already been paid for membranes and higher-priced water due to the crisis.
- The Water Authority Council will not include NIS 40 million in future crisis costs in next year's tariffs.
- The decision aims to limit the January water tariff increase to a modest 2.3%.
Israel's outgoing government is attempting to transfer approximately NIS 260 million in water costs to the incoming government, a move aimed at mitigating a projected rise in water tariffs. The Water Authority Council has decided not to include an estimated NIS 40 million in upcoming expenses related to the desalination crisis in next year's water tariffs. This crisis, caused by algae blooms affecting Israel's coast, is expected to cost the public around NIS 160 million in total. Of this amount, NIS 120 million has already been paid, including NIS 47 million for membranes and NIS 73 million for high-priced water purchases. The council's decision, detailed in its meeting minutes published Thursday, aims to keep the January tariff increase to a modest 2.3%, effectively halving the expected price hike.
