Arab News, Thursday, Dec 31, 2020 | Jamadi Al Awwal 16, 1442
Saudi new electricity law to improve services, protect consumer rights: official
Saudi Arabia: Saudi Arabia’s new electricity law came with the
objective of improving the services provided to consumers and protect their
rights, which will better achieve the public interest and the country's
development and economic goals, said Nasser Qahtani, Deputy Energy Minister for
Electricity Affairs.
The new legislation is part of reforms that were previously announced in the
electricity sector. It was aimed to address some of financial obligations of
Saudi Electricity Co., and achieve the targets of Vision 2030, the official told
CNBC Arabia TV.
The law is focused on ensuring the provision of secure and reliable electricity
supply. It is also aimed to boost mega investments in the transmission network,
so as to enable the linking to the renewable energy sources.
The Saudi Cabinet approved on Dec. 29 the new electricity law and the water and
electricity authority statute. It also approved the statute of the State
Properties General Authority (SPGA). The Kingdom’s digital economy policy was
also endorsed, according to Argaam's data.