Israel Electric Corporation (IEC) is a public, government-owned utility that generates, transmits, distributes, supplies, and sells electricity across Israel, including East Jerusalem and areas of the Palestinian Authority. Established in 1923 and renamed from the Palestine Electric Corporation in 1961, it operates as the country’s sole vertically integrated electricity provider and a dominant player in the national power sector. The State of Israel owns approximately 99.85% of IEC’s shares, and the company functions as an essential service provider in an “energy island” system that is not interconnected with neighboring grids.
IEC owns and operates 15 power stations with 50 generating units—steam-driven, gas turbine, and combined-cycle plants—with an installed capacity of 10,955 MW. It transmits and distributes nearly all electricity consumed in Israel, including power generated by private producers, and provides service to around 3 million customers. The company’s fuel mix has shifted heavily toward natural gas, and all IEC power stations are dual-fueled. Strategy focuses on maintaining high reliability of supply, strengthening grid resilience, and supporting national decarbonization policy, including greenhouse gas reduction targets and a coal phase-out, while integrating renewable energy and energy storage and improving energy efficiency.
IEC also develops and operates extensive grid infrastructure, including thousands of kilometers of high-voltage transmission and medium- and low-voltage distribution lines, and exports its expertise globally through IEC Global in areas such as project management, smart grid operation, cybersecurity, and market reform. It invests in innovation and digitalization, exemplified by optical-fiber-based grid monitoring with Prisma Photonics, and underpins this with formal ethics and community programs that promote environmental responsibility, safety, and responsible electricity use.
ILactiveUtilityState-Owned· 1 project|