Under the new coalition agreement signed between the Likud and Israel Beitenu in March 2009 the government will set up an internal regulatory authority to examine Israel’s energy market that will be part of the MNI. The electricity authority and the natural gas authority will become part of this new regulatory body which will be known as the energy authority. The energy authority will be responsible for political matters, for providing licenses, for determining tariffs, for development plans, for setting standards and supervising the country’s electricity and natural gas sectors. IEC’s development plan will also have to receive the approval of the energy authority after its establishment