The Partner Group and Rapac Energy announce: We will supply electricity to business customers

The Partner Group and Rapac Energy announced the establishment a joint venture to supply electricity to business customers throughout the country, in a model that will combine alongside a discounted price for the electricity supply, also value propositions from the field of infrastructure and communications services.
The joint venture was later announced for a license from the Ministry of Energy to supply electricity to private and business customers, and after Partner examined a number of models for the development of activity in the field of electricity. Partner has over 3 million private and business subscribers, who make daily use of the company's communications services, mobile, Internet, and television. The customer service system, technical support, and points of sale and service throughout the country are excellent infrastructure for the development of new areas of activity, including in the field of electricity.
Rapac Energy is one of the leading and most prominent energy players in Israel, which owns and operates 5 power plants with a cumulative volume of approximately 1 gigawatt. The company has a wide range of customers in the industry and trade and this cooperation, in parallel with obtaining the virtual supply license granted to it by the Ministry of Energy, constitutes a growth engine with exceptional potential along with a complimentary tier in the company's strategy to expand its energy products. Its, construction of stations, initiation of energy facilities and storage, and more.
Avi Zvi, CEO of the Partner Group, said: "Partner is creating competition in the field of advanced communications infrastructure in Israel, and today we are launching a new and joint venture with Rafek Energy in order to bring real value to existing and new business customers, and reduce the business' monthly spending on electricity. "Partner's consistent growth in cellular and Internet activity and the margins generated by the electricity economy reform will enable us to offer integrated communications and electricity packages, with a focus on the unique needs of business customers in the first instance."
Ran Bukshpan, CEO of Rapac Energy, said: "Rapac Energy is a leading company in the field of energy production that provides electricity and related energy products to a variety of business customers, with a total volume equal to about 10% of total electricity production in Israel. The 'virtual supplier' activity, which enables the sale of discounted electricity to customers, is a significant milestone in the realization of the company's expansion strategy and constitutes another tier of changes in the energy economy in Israel and around the world. Bookshop added: "As a leading company in the field of energy in Israel, we found a leading partner in the world that complements our activities and we see the partnership as an opportunity to expand the market while creating significant benefits for the venture's customers. We are convinced that the leadership of the two companies in their field will make the venture significant in Israel, for business customers, and in the future also for private customers. "
Tamir told Deputy CFO at Partner, noting: “This is a natural connection between an electricity producer who is well versed in the taps of the world of electricity and a communications group with a broad private and business customer base. "Under the necessary regulatory changes, the cooperation between the two players, which complement each other, will prepare the ground for the transfer of the supply segment and the connection of other products in these worlds for real consumer benefit."
Power operations began operating as part of a pilot, in which electricity will be supplied to business customers with smart meters.