Opportunities & Challenges in Reforming Energy Prices in GCC Countries

KAPSARC, King Abdullah Petroleum Studies and Research Center
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KAPSARC, King Abdullah Petroleum Studies and Research Center: King Abdullah Petroleum Studies and Research Center

Workshop Briefs from King Abdullah Petroleum Studies and Research Center

Abstract: The recent fall in oil and natural gas revenues has brought renewed attention to domestic energy pricing issues among GCC governments. Fuel and feedstock prices are typically set below world market prices to support domestic energy-intensive activities such as petrochemicals production. GCC members can explore different pathways for reforming energy prices, as demonstrated by the successes in Dubai and Tunisia. Such reforms result in more efficient production and consumption of energy and a positive contribution to a nation’s finances.

Keywords: Electricity Trade Pricing; Electricity Trading; Energy Demand; Energy Price Reform; Energy Systems Modeling; Feed Prices; Gulf Cooperation Council (GCC; Household Electricity Price Reforms; Industrial Fuel Prices; Natural Gas Revenue; Oil Revenue; Petrochemical Production; Subsidies; Workshop Brief (search for similar items in EconPapers)
Pages: 20
Date: 2016-06-13
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