In light of the customs tariff order and the fuel excise order, the Electricity Authority published a decision regarding the updated reduction of the electricity tariffs for 2023. The rate for the domestic consumer will decrease by 1.5 percent. The decision takes effect on February 2, 2023.

Energy Minister Israel Katz: "I welcome the Electricity Authority's decision today to lower the electricity tariff. We will continue and do everything to lower the cost of living for the benefit of all Israeli citizens."