How much does electricity cost in Saudi Arabia?

The sales price of electricity for residential buildings in Saudi Arabia is $0.02/kW h. The cost of electricity production in the country is $0.10/kW h, resulting in a large subsidy of $0.08/kW h provided by the KSA government.

Will Saudi Arabia increase electricity demand in 2014?

Saudi Arabia's Central Department of Statistics & Information estimates that the country's population will grow 2.6% in 2014 to more than 30 million residents, further increasing electricity demand. Saudi Arabia plans to diversify its power generation sources and improve overall energy efficiency.

How much energy does Saudi Arabia use?

Per capita energy consumption in Saudi Arabia is notably high, reaching 6.5 tons of oil equivalent (toe) in 2022, including approximately 9.2 megawatt-hours (MWh) of electricity. Total energy consumption increased to 228 million tons of oil equivalent (Mtoe) in 2022, driven by economic expansion and higher energy demand.

What is the installed capacity of electricity generation in Saudi Arabia?

In 2021, the total installed capacity of electricity generation in Saudi Arabia was approximately 22.4 gigawatts. This statistic depicts the installed capacity of electricity generation in Saudi Arabia by type.

Why is Saudi Arabia opening its energy sector to private investment?

As part of its plan to reduce dependence on oil, Saudi Arabia is actively opening its energy sector to private investment. This strategic move is designed to attract global expertise and capital, fostering innovation and efficiency in the market.

Are natural gas prices stable in Saudi Arabia?

Natural gas prices, regulated by the government, have remained stable at $0.43/kWh since a significant increase in 2016. Per capita energy consumption in Saudi Arabia is notably high, reaching 6.5 tons of oil equivalent (toe) in 2022, including approximately 9.2 megawatt-hours (MWh) of electricity.