Future Trends in Electricity Demand in Saudi Arabia and the Gulf Region

Long-term electricity demand projections are fundamental for power generation expansion planning and for broader energy policy formulation. Studies show that electricity demand in Saudi Arabia and the GCC region has been growing rapidly over the past decades. This growth has several drivers, including economic growth, increasing populations and regulated electricity tariffs. However, energy price reforms and broader structural changes within these economies, along with energy efficiency initiatives and the exodus of expatriates, is flattening electricity demand.