Tel Aviv, July 10 -- Israel's Electricity Authority is increasing competition in energy supply, thereby lowering costs to consumers. More than 250,000 households are already benefiting from the reform in the electricity sector and the possibility of switching to a private supplier and receiving discounts on their electricity bill.

Now the Electricity Authority is expanding competition by proposing a decision that will allow private suppliers to also buy from conventional power plants (which run on gas). The decision will increase the supply of electricity to suppliers, and will allow for higher discounts to be given to more households as early as early 2026.

After initially allowing photovoltaic installations and high-voltage storage fa...