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FINANCIAL NEWS
New regulations to lower Saudi energy consumption by 60%
06 May 2013
(MENAFN) Saudi Electricity CEO, Ali al-Barrak, stated that when the Kingdom starts to execute the new regulations, the country’s energy consumption is likely to decline 60 percent, reported Bloomberg citing al-Riyadh.
However, Al-Barrak stressed that the new measures do not include increasing electricity tariffs.
He added that the government will bring in rules for air condition use, as 80 percent of the country’s energy consumption is from air conditioning.
Furthermore, other regulations will be introduced to enforce insulation requirements for buildings.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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