Saudi Arabia’s electricity demand returned to growth in Q3 as industrial activity recovered. Latest data from Saudi Energy (SE) imply consumption of 116.2TWh last quarter, up 1.4% year-on-year (see chart 1), marking a swift return to growth following the previous quarter’s 1.8% drop (MEES, 7 August).
Saudi Electricity Consumption Returns To Growth With Record Q3
Increased renewable power capacity helped Saudi Arabia meet record electricity demand last quarter without resorting to burning more oil.
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Charts
1: Saudi Arabia Electricity Consumption* Returned To Growth In Q3 (TWh)
2: Saudi Arabia Set A New Peak Demand Record This Summer (GW)
3: Saudi Oil Burn Fell To Eight-Year Seasonal Low In August After Having Spiked In The First Months Of The Conflict (‘000 b/d)
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