Middle East
With a power score of 2.29, Saudi Arabia ranks number 21 among Emerging Markets and number 1 in the Middle East region
Power score
2.29/5
Score over time
2021 - 2024
Saudi Arabia has a power score of 2.29, which puts it at rank 21 in the Emerging Markets power ranking. In comparison to 2023, Saudi Arabia has improved in the power rankings by 12 places, from rank 33, to rank 21.
At 2.29, the power score of Saudi Arabia is better than than the regional average of 1.84 in the Middle East region and puts it at rank 1 in the region.
Saudi Arabia implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, and Import tax incentives.
The average electricity price in Saudi Arabia has increased from 59.51 USD/MWh in 2022 to 59.56 USD/MWh in 2023. Since 2017, the average electricity price in Saudi Arabia has fluctuated between 47.11 USD/MWh (2017) and 59.56 USD/MWh (2023).
The top amount of capacity installed in Saudi Arabia in 2023 was in Natural Gas at 50.15%, up from 47.41% in 2022.
The top amount of electricity generated in Saudi Arabia in 2023 was in Natural Gas at 49.83%, up from 47.45% in 2022.
Investment in clean energy in Saudi Arabia was around $9,134.58 million in 2023, an increase of 1017.3% from 2022 ($817.56 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $9,134.58 million, while the lowest was in 2020 with $360.00 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.