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United Arab Emirates

With a power score of 1.78, the United Arab Emirates ranks number 55 among emerging markets and number 82 in the global power ranking.

  • Emerging markets
  • Middle East

1.78 / 5

Power score


-26 places

Global power rank change


2021
2022
2023
43
56
82

Overview

The United Arab Emirates has a power score of 1.78, which puts it at rank 82 in the global power ranking, and rank 55 in the emerging markets power ranking. In comparison to 2021, the United Arab Emirates has deteriorated in the power rankings by -39 places, from rank 43, to rank 82.

At 1.78, the power score of the United Arab Emirates is better than the regional average of 1.74 in the Middle East region.

Regional power score comparison

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United Arab Emirates

Power

Power policy

The United Arab Emirates implements policies in 3/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in Tariff
Net Metering
Import tax incentives
VAT incentives

Power prices and costs

The average electricity price in the United Arab Emirates has stayed the same since 2021. Since 2017, the average electricity price in the United Arab Emirates has fluctuated between 62.62 USD/MWh (2020) and 76.23 USD/MWh (2017).

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Power market

The top amount of capacity installed in the United Arab Emirates in 2022 was in Natural Gas at 81.98%, down from 88.54% in 2021. The technology with the biggest increase in capacity installed in 2022 was Solar PV at 11.25%, up from 7.33 in 2021.

Installed capacity (in MW)

20142016201820202022010K20K30K40K50K MW

Electricity generation (in GWh)

20142016201820202022050K100K150K GWh

The largest electricity generating technology in the United Arab Emirates in 2022 was Natural Gas, generating some 81.43% of electricity, down from 89% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Nuclear at 13.95%, up from 7.04% in 2021.

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Investment in clean energy in the United Arab Emirates was around $1667.25 million in 2022, a decrease of 14.6% from 2021 ($1952.28 million). Between 2017 and 2022, the highest investment in clean energy was in 2019 at $4614.4 million, while the lowest was in 2018 with $1058.74 million.

Utility privatisation

Which segments of the power sector are open to private participation?

Generation: Yes
Transmission: No
Retail: No

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

No

Doing business and barriers

Type

Question

Availability

Currency of PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

Yes

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

No

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Yes

Type

Question

Availability

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

No

Transport

Transport policy

The United Arab Emirates implements policies in 4/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

Yes
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

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