What is the development of the Israeli electricity sector?

For many decades, the development of the Israeli electricity sector was based on a long-term development plan prepared by the Israel Electric Corporation, and approved by the Minister of Energy.

Why is reliability of the transmission system important in Israel?

Reliability of the transmission system is a central consideration in Israel, even more than in other countries, for two main reasons: (1) Israel does not have interconnections with other electrical networks ,i.e., it is an energy island; and (2) the state of Israel is small and therefore more sensitive to disturbances in the electricity system.

Who owns Israel Electric Corporation Limited (IEC)?

IEC is 99.85% owned by the State of Israel, which is committed to the GHG reduction and in line with Paris Climate Agreement. Established in 1923, the Israel Electric Corporation Limited ("IEC") is a globally recognized leader with a track record of 100 years of operational excellence.

How does Israel's electricity market reform work?

As part of the electricity market reform in Israel, the government encourages private stakeholders to establish both conventional and renewable energy production facilities ( Israel Prime Minister’s Office, 2018 ). To do so, private stakeholders have to find areas with both available land and transmission capacity.