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Full coverage· Economy· Updated

Israel Electricity Authority Cuts Renewable Energy Subsidies

Israel's Electricity Authority is proposing to cut subsidies for renewable energy, including a 5% annual reduction for new solar facilities. A new mechanism will link 40% of tariffs to the dollar, potentially lowering them by an additional 7%.

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What happened

  1. 01Israel's Electricity Authority proposes reducing support for renewable energy.
  2. 02New solar facilities will see a 5% annual subsidy decrease.
  3. 03A dollar-linked tariff mechanism could cut payments by an additional 7%.
  4. 04Large facility owners will transition to the free electricity market.
  5. 05Dedicated grid connection tenders start in 2028, with regulation ending by 2047.

Large facility owners will move to the free market, and dedicated grid connection tenders will begin in 2028, with the regulatory framework ending by 2047.

Translated and summarized by baba from TheMarker, the latest report. Read TheMarker’s original

The coverage

2 newsrooms on this story

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