Energy Price Reform in Saudi Arabia: Modeling the Economic and Environmental Impacts and Understanding the Demand Response

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  • Energy Price Reform in Saudi Arabia: Modeling the Economic and Environmental Impacts and Understanding the Demand Response
  • Initiative -
  • Type KAPSARC journal article
  • Date 25 November 2020
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Abstract

Saudi Arabia has regulated domestic energy prices for decades, setting them below international market levels. Energy subsidies in Saudi Arabia are generally implicit because they lead to foregone revenues for the government. Low energy prices also encourage rapid energy demand growth and wasteful consumption, while limiting incentives to invest in energy efficiency. Saudi Arabia recently started to reform energy prices, leading to large increases in gasoline and residential electricity prices in 2018.

https://doi.org/10.1016/j.enpol.2020.111941

Science Direct

Authors

Mohammad Aldubyan

Mohammad Aldubyan

Research Lead Mohammad is a research lead in KAPSARC’s Climate & Sustainability program. His research focuses on energy efficiency and energy demand…

Mohammad is a research lead in KAPSARC’s Climate & Sustainability program. His research focuses on energy efficiency and energy demand in buildings. He is currently leading the Residential Energy Model (REEM), which simulates residential energy demand and estimates the impact of energy efficiency programs on Saudi Arabia’s housing sector. He also leads the long-term KAPSARC Oil Market Outlook (KOMO) in buildings and agriculture sectors.
Mohammad holds an M.Sc. in Renewable and Clean Energy from the University of Dayton, Ohio and an M.Sc. in Economics from Purdue University, West Lafayette.

Expertise

  • Energy Efficiency in Buildings; Energy Demand; Energy Modeling

Publications See all Mohammad Aldubyan’s publications

Anwar Gasim

Anwar Gasim

Research Fellow Anwar is an energy and environmental economist with a strong engineering background. He leads a cross-functional team on the project… Anwar is an energy and environmental economist with a strong engineering background. He leads a cross-functional team on the project titled “Modeling Energy Demand, Emissions, and the Impacts of Energy Price Reform.” This project includes studies on elasticities, emissions forecasting, the economic and environmental impacts of reforms, and understanding what leads to successful energy policy outcomes. He is also involved in multiple studies on carbon markets. Anwar’s research has been published in leading journals and has been picked up by numerous media publications, such as the Saudi Gazette and Arab News. His work has supported key advisory engagements with the Saudi energy sector. Anwar is currently wrapping up a Ph.D. from UCL in Sustainable Resources (with a sub-specialization in Economics). He holds an M.Sc. in Electrical Engineering from KAUST and a B.Eng. in the same field from the University of Liverpool.

Expertise

  • Energy Demand
  • GHG Emissions
  • Energy Pricing
  • Energy Subsidies
  • Energy Efficiency
  • Carbon Pricing and Carbon Markets

Publications See all Anwar Gasim’s publications

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