Israel's ₪5 Billion Power Plant Expansion: What It Means for Your Aliyah Electricity Costs
Israel's approval of a 900-MW plant near Jerusalem signals major grid upgrades that could ease expensive power prices for new olim by 2030.
The National Infrastructures Committee has approved the Atarot power plant belonging to Egged Properties, controlled by the Keystone Fund—a 900-megawatt facility to be built at the Egged lot north of Jerusalem, along with a parking lot for electric buses. This is one of seven major power generation projects now in advanced stages nationwide, each directly reshaping the electricity infrastructure that olim will depend on for housing costs, utilities, and long-term financial planning after aliyah.
For new immigrants, electricity rates matter. israeli households currently pay among the highest industrial electricity prices in the developed world. Industrial electricity prices of USD 12.3 cents per kilowatt hour are rising at 7 percent per year. The Atarot plant and its sister projects represent israel's most aggressive energy-expansion campaign in a decade—and understanding the timeline and scope tells you something crucial about the country's future affordability for olim settling in the Jerusalem and central regions.
The Real Timeline: Don't Expect Relief Before 2030
The first misconception many olim hold is that recent
Further reading: Rate Cut to 3.5%: Navigating Mortgage Strategy as Israel's Housing Glut Pressures Deflation — Jewish Property Report.
Further reading: Israeli High-Tech Sector Shows Signs of Recovery as VC Activity Rebounds in 2026 — Jewish News Now.
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Solly Marks is an Israeli publisher, media buyer, and experienced oleh writing practical aliyah guides for English-speaking Jews worldwide. AliyaToday covers real costs, bureaucratic steps, money-saving tips, and life in Israel — everything you need to make a successful aliyah.