Abstract
A recent International Monetary Fund report noted that in 2018, Saudi Arabia’s energy price reforms generated 41.3 billion Saudi riyals (SAR) (11 billion US$) in new non-oil revenue for the government. The power sector contributed 25% of this revenue gain (10.1 billion SAR or 2.5 billion US$). The power sector’s future non-oil fiscal revenue contributions will depend largely on the long-term demand for electricity in the Kingdom. Electricity demand has stagnated in the last three years. It is not yet clear whether this is due to short-term cyclical or long-term structural changes in the economy.
