Collective agreement reached on electricity reform
The IEC, Histadrut and Ministry of Finance have agreed terms for opening up Israel’s electricity sector to private competition.
The Israel Electric Corporation (IEC), Histadrut (General Federation of Labor in Israel) and Ministry of Finance reached a collective agreement last night setting out details for implementing the reform of the electricity sector, which would end the monopoly of the government owned IEC and permit competition from private electricity producers. Signing such an agreement is meant to avert the need for cabinet and Knesset approval, which could alter or reject it.
Published in Globes, 17th May, 2018