News Briefs

  10/23/2011, Tishrei 25, 5772

Appraisal: No Electricity Hike for Now

Sources in Israel's capital markets said, Sunday, that the resumption of natural-gas deliveries from Egypt means that electricity prices won't rise in the near future. The price was expected to go up at the beginning of November.

The price of electric power is linked to the availability of natural gas. It rose three months ago, following sabotage of the pipeline that brings gas into Israel because of the relatively high price of diesel fuel. Diesel was needed after the depletion of Israel's offshore "Tetis Sea" natural-gas field.