Middle East
With a power score of 2.02, Oman ranks number 44 among Emerging Markets and number 4 in the Middle East region
Power score
2.02/5
Score over time
2021 - 2024
Oman has a power score of 2.02, which puts it at rank 44 in the Emerging Markets power ranking. In comparison to 2023, Oman has dropped in the power rankings by 26 places, from rank 18, to rank 44.
At 2.02, the power score of Oman is better than than the regional average of 1.84 in the Middle East region and puts it at rank 4 in the region.
Oman implements policies in 3/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, and Net metering.
The average electricity price in Oman has increased from 61.73 USD/MWh in 2022 to 92.10 USD/MWh in 2023. Since 2017, the average electricity price in Oman has fluctuated between 43.29 USD/MWh (2017) and 92.10 USD/MWh (2023).
The top amount of capacity installed in Oman in 2023 was in Natural Gas at 83.22%, down from 86.4% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 2.93%, up from 1.53% in 2022.
The top amount of electricity generated in Oman in 2023 was in Natural Gas at 94.31%, up from 94.07% in 2022.
Investment in clean energy in Oman was around $1,026.90 million in 2023, an increase of 8289.71% from 2022 ($12.24 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $1,026.90 million, while the lowest was in 2022 with $12.24 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly�increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.