Live Update 
From the Liveblog of
Monday, December 24, 2018
From the Liveblog of
Monday, December 24, 2018
Electricity prices to only rise by 2.9%, less than half of planned hike
Add ToI as a Preferred Source on GoogleThe Electricity Authority announces that electricity prices will only be raised by 2.9 percent, Hadashot TV reports, rather than the originally planned 8%.
The decision comes after Finance Minister Moshe Kahlon announced last week that he was canceling a tax hike on coal, which would’ve cost the Israel Electric Corporation hundreds of millions of shekels.
It also comes after the Electric Corporation won a lawsuit against the Germany company Siemens, winning some NIS 400 million ($106 million).
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