Powered by WebAds

Sunday, July 24, 2011

Government gives up revenue source

The government decided it has enough economic problems on its hands and waived its right to increased taxes on the Electric Company's increased fees. As a result, our electric bills will 'only' be going up by 12.5% (retroactive to January 1) rather than the 19.5% or 23.5% which we had been warned about earlier.
Electricity prices are set to rise 12.5% next week, instead of 19.5% requested by the Israel Electric Company. The 7% “discount” came as a result of the Treasury deciding not to impose additional taxes on diesel fuel. Final permission for the increase was given by a joint Finance and Environment Ministry committee.

The increase is due to the rise in the price of oil on world markets, which has again struck the $100 a barrel level.
What could go wrong?

Labels: , , ,


At 12:52 AM, Blogger aif said...

What is it with your permanent obsession with the IEC?


Post a Comment

<< Home