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How much does electricity cost in Saudi Arabia?
Since 2017, the average electricity price in Saudi Arabia has fluctuated between 47.11 USD/MWh (2017) and 59.56 USD/MWh (2023). The top amount of capacity installed in Saudi Arabia in 2023 was in Natural Gas at 50.15%, up from 47.41% in 2022.
Does Saudi Arabia have a strong energy supply in 2023?
The country's energy consumption remained stable in 2023, after a sharp increase of 9% in 2022. Saudi Aramco will invest over US$100bn to develop unconventional gas production. The Ministry of Energy oversees the energy sector and all energy policies. Saudi Arabia's economy remains heavily dependent on oil.
What is Saudi Arabia's energy policy?
Saudi Arabia implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, and Import tax incentives. The average electricity price in Saudi Arabia has increased from 59.51 USD/MWh in 2022 to 59.56 USD/MWh in 2023.
What does the Ministry of energy do in Saudi Arabia?
The Ministry of Energy oversees the Saudi energy sector, implementing policies and regulations to guide its development. The Saudi Electric Company (SEC), formed in 2000 through the merger of regional electricity companies, controls most of the power generation, transmission, and distribution in the country.
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 was the price of electricity in Saudi Arabia in March 2025?
In March 2025, the price for Electricity, hho, SA was around 0.180 SAR per kWh, reflecting no change of 0% compared to the previous month. On a year-over-year basis, the prices for Electricity, hho, SA remained fairly consistent at 0%. Recent data, updated on November 5th, 2025, can be found in the Saudi Arabia Energy Prices & Markets Report.
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