\u201cWe support competition that challenges us and forces us to improve ourselves. We have become more efficient, we have improved, we have reduced manpower, and we know how to become significantly more efficient than our competitors,\u201d says Doron Arbely, Chairman of the Israel Electric Corporation, in a special interview with \u201cMaariv Weekend.\u201d<\/p>\n
According to him, \u201cI am not looking only at the country\u2019s energy security, but also at the consumer\u2019s pocket. I want to ensure that competition has truly affected the consumer\u2019s pocket. The very fact that the Israel Electric Corporation is involved in generation means that electricity prices paid by consumers, including you and me, are much lower.\u201d<\/p>\n
\u201cUnlike private producers, the Israel Electric Corporation does not look only at the bottom line, but also at the situation of the consumer and energy security. Private producers are afraid of the Israel Electric Corporation. I ask why, and no one can provide an answer. If they want real competition, I say come. Let\u2019s see who is better, who is less efficient, who is not good. Please, we are waiting.\u201d<\/p>\n
In response to the question of why, then, there is a need to raise electricity tariffs, Arbely replies that \u201celectricity prices in Israel are among the lowest in the world. We are simply demanding that we be paid what we are entitled to by law. We are competing with our hands tied.\u201d The Chairman of the Israel Electric Corporation added that \u201cour work plans for the coming years are at an advanced stage. We are investing NIS 7\u20138 billion\u00a0per year in preparing for the future electricity sector, including building power stations. The total investment volume by 2030 will amount to NIS 50 billion.\u201d<\/p>\n
According to him, \u201cthe money for investments will come from the company\u2019s ongoing activity and from capital raises abroad and in Israel. This year we raised NIS 500 million abroad, and in Israel we raised about NIS 1 billion. Investors in Israel and around the world believe in us and in our ability to repay debt, and this is reflected in our credit rating, which remained stable during the war.\u201d<\/p>\n
In response to a question about his recommendations as a former head of the Tax Authority regarding tax policy, Arbely emphasized that \u201cthe handling of indirect and direct compensation was at the center of the Tax Authority\u2019s activity and required significant manpower. The Authority is doing sacred work, but at the same time it is necessary to deepen tax collection from the public. It has many legal cases in dispute, and it is advisable to resolve them.\u201d<\/p>\n
\u201cIt is forbidden to impose additional taxes, even if the deficit grows, but rather to create certainty so that there will be more investment. Additional taxes suffocate the public and economic activity. I recommend, if possible, lowering VAT. It cannot be that every other day there is new regulation, because in the end businesses will flee and banks will not want to finance them.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cWe support competition that challenges us and forces us to improve ourselves. We have become more efficient, we…\n","protected":false},"author":2,"featured_media":177511,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[33],"tags":[22063,15073,2032,37,3594,4298],"class_list":["post-177510","post","type-post","status-publish","format-standard","has-post-thumbnail","category-israel","tag-company","tag-competition","tag-electricity","tag-israel","tag-price","tag-tax"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116812461208401176","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/177510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=177510"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/177510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/177511"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=177510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=177510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=177510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}