Load shifting, that is, moving demand from peak to off-peak hours, is an important type of demand response. It can reduce the overall operating costs of a power system and improve the reliability of the power grid. This study estimates the financial implications of load shifting in the Saudi industrial sector. We use a national Saudi power system dispatch optimization model to simulate three scenarios. With this model, we quantify the impacts of shifting industrial loads from the peak summer to the off-peak winter months, keeping industrial electricity tariffs unchanged.