Govenment company generates & supplies electricity.
Israel Electric enters 2026 with a genuinely better operating core, but the real quality of the story is determined less by reported earnings and more by the pace of tariff recovery, the ability to finance an NIS 8.7 billion annual development plan, and continued access to debt…
Israel Electric’s shift from coal to gas has already moved from plan-and-capex mode into real operations: gas now dominates the generation mix, CCGT 80 has received its license and entered commercial operation, and the total fuel bill has already come down. But the coal fleet st…
Retail power competition is already advancing quickly in customer switching and in private-supplier volumes, but the economics of IEC's supply segment are still lagging. In 2025 the segment generated only NIS 567 million of revenue and lost NIS 84 million, which is why the regul…
In 2025 Israel Electric reported net profit of ILS 4.763 billion, but profit before deferred regulatory accounts fell to ILS 2.808 billion. The year is therefore best understood through the tariff mechanism and the large deferred-account balance, not through the headline profit…
Israel Electric's funding layer looks open but not unconstrained. The company proved in early 2026 that it can reopen the dollar market and prepare additional local issuance in parallel, but an annual investment pace of roughly NIS 8.7 billion means it still has to protect ratin…
