Israel’s power sector is profiting from cut-price gas supplies from the recently started-up Karish field, with freshly-released stats from state generator IEC show that its feedstock costs were slashed over the first six months of 2023.
IEC’s fuel bill fell by 20% year-on-year to $1.03bn for 1H23, a 6% fall in unit cost terms when accounting for a 15.1% year-on-year fall in generation to 16.37TWh for 1H 2023. Though 1H 2023 figures for Israel as a whole are not yet available, IEC’s market share is almost certainly down again from 1H 2022 when IEC output of 19.29TWh accounted for a record low 53% of the national total of 36.6TWh. (CONTINUED - 1157 WORDS)
