The IEC is a government and public company that has been leading the electricity economy in Israel since its establishment in the 1920s to the present day. The company, whose main activity is in Israel, works to establish infrastructure, production, transmission, distribution and supply of electricity to about 2.5 million customers in Israel and to the vast majority of the Israeli economy. Since its inception, the Israel Electric Corporation has played a key role in the social and economic development of the State of Israel.

The company is responsible for the distribution and supply of electrical energy which is essential and necessary for every home and organization in the country and the company considers itself part of the public and environmental fabric, therefore works for broad social-environmental action and improving the quality of life of residents. The company encourages energy savings and works to promote and develop renewable energies, while breaking new and international markets.