Monday, August 29, 2011

Israel electricity prices rise over Egypt gas disruptions

Israel's finance ministry on Monday announced a 9.3 percent rise in the electricity price, citing disruptions in the gas supply from Egypt, even as Israelis protest nationwide over the cost of living. The treasury stressed that it had kept the increase as small as possible, cutting in half the 20 percent rise that had been expected. "Electricity will rise 9.3 percent primarily because of interruptions in the supply of Egyptian gas to electricity stations," finance ministry spokesman Boaz Stembler told AFP.

Israel's supply of gas from Egypt has been regularly disrupted since an uprising overthrew former Egyptian president Hosni Mubarak in February
� Daily NewsEgypt 2011

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Source: http://www.albawaba.com/israel-electricity-prices-rise-over-egypt-gas-disruptions-387913

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