Policymakers should expect that the energy price reform in Saudi Arabia will reduce industrial electricity consumption. However, this reduction will be slight as the price effect is found to be very small. At the same time, policymakers should be aware that the increasing population aged 15-64, and all those over 15, will lead to an increase in industrial electricity consumption. Lastly, the estimations show that industrial electricity consumption will fully absorb shocks including policy interventions in less than a year.
Evaluating Hypothetical Carbon Pricing for Saudi Arabia Using a Macroeconometric Modeling Framework
Policymakers should expect that the energy price reform in Saudi Arabia will reduce industrial electricity…
16th April 2025
The Role of the Petrochemical Sector’s Exports in the Diversification of the Saudi Economy. A Scenario Analysis of the Foreign and Domestic Price Shocks
Policymakers should expect that the energy price reform in Saudi Arabia will reduce industrial electricity…
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