Increased power prices to lessen inefficient use of energy: KAPSARC | Saudi Gazette

JEDDAH — The King Abdullah Petroleum Studies and Research Center (KAPSARC) has published a research paper titled “Reforming Industrial Fuel and Residential Electricity Prices” and found that the energy system could benefit by $12 billion per year, largely due to households using less electricity in response to increased prices – for example, from 144 TWh (2015 electricity pricing) to 120.6 TWh (lifeline pricing), 88.3 TWh (dynamic pricing) and 82.6 TWh (average cost pricing).

The paper aimed to support the policymakers’ objective of minimizing inefficient use of energy while maintaining a safety net for low-income households (such as the Citizen’s Account), the paper examines the effects of four electricity pricing schemes for households: 2015 pricing, dynamic pricing, average cost pricing and lifeline pricing.

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Increased power prices to lessen inefficient use of energy: KAPSARC – Saudi Gazette.