Three power production companies in Israel are facing significant delays in building new power plants due to a global shortage of gas turbines. The scarcity is driven by overwhelming demand, with only three manufacturers worldwide able to supply the necessary equipment, pushing up costs and extending waiting times for delivery until at least 2028. These delays threaten the companies' eligibility for construction grants and are expected to hinder competition in Israel's power sector, potentially resulting in higher electricity prices for consumers. The situation has highlighted the lack of competition in the industry, with existing plants able to demand high prices during peak periods. New plants are not expected to become operational until after 2030, meaning relief for consumers could be years away.