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Israel Electric Corporation (IEC; Hebrew: חברת החשמל לישראל) is the largest supplier of electrical power in Israel and the Palestinian territories. The IEC builds, maintains, and operates power generation stations, sub-stations, as well as transmission and distribution networks in Israel.
Established in 1996, the Authority came into existence concurrently with the expiration of the 70-year-old concession of the Israel Electric Corporation (IEC), and pursuant to the Electricity Market Law of 1996. Its formation marked a significant shift in the regulation and oversight of electricity provision in Israel, transitioning from a ...
In April 2017, the PA ceased paying the electricity bills issued by Israel Electric Corporation (IEC) and by Egypt. [5] This decision was reversed in January 2018. [6] During the early stages of the 2023 Israel–Hamas war, Israel shut off the supply of electricity to Gaza. The sole remaining power station as the main supplier ran out of fuel ...
The company does not have its own power stations, but buys over 95% of its electricity from Israel Electric Corporation (IEC) and the remainder from Jordan Electric Power Company (JEPCO), which can only be used in the Jericho district. [1] JDECO supplies electricity to 30% of households in the West Bank and East Jerusalem.
In 2015, energy consumption in Israel was 52.86 TWh, [4] or 6,562 kWh per capita. [5] The Israel Electric Corporation (IEC), which is owned by the government, produces most electricity in Israel, with a production capacity of 11,900 megawatts in 2016. [6] In 2016, IEC's share of the electricity market was 71%. [7]
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Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
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