Government spends about SR50bn a year to subsidise power production
Abdullah al-Shehri, governor of the Saudi Electricity and Co-generation Regulatory Authority, says electricity tariffs in the kingdom could be raised to improve energy efficiency, Bloomberg has reported. “We are going to request to consider other elements of the tariffs,” he said. The agency will seek higher fees for first-time connectivity and capacity usage, he added. The government spends about SR50bn ($13bn) a year to subsidise fuel needed for power production, Al-Shehri said on 3 September.