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Modeling and Forecasting Industrial Electricity Demand for Saudi Arabia: Uncovering Regional Characteristics

Author

Listed:
  • Jeyhun Mikayilov
  • Ryan Alyamani
  • Abdulelah Darandary
  • Muhammad Javid
  • Fakhri Hasanov
  • Saleh T. AlTurki
  • Rey B. Arnaiz

    (King Abdullah Petroleum Studies and Research Center)

Abstract

The objective of this study is to investigate Saudi Arabia’s industrial electricity consumption at the regional level. We apply structural time series modeling to annual data over the period of 1990 to 2019. In addition to estimating the size and significance of the price and income elasticities for regional industrial electricity demand, this study projects regional industrial electricity demand up to 2030. This is done using estimated equations and assuming different future values for price and income. The results show that the long-run income and price elasticities of industrial electricity demand vary across regions. The underlying energy demand trend analysis indicates some efficiency improvements in industrial electricity consumption patterns in all regions.

Suggested Citation

  • Jeyhun Mikayilov & Ryan Alyamani & Abdulelah Darandary & Muhammad Javid & Fakhri Hasanov & Saleh T. AlTurki & Rey B. Arnaiz, 2022. "Modeling and Forecasting Industrial Electricity Demand for Saudi Arabia: Uncovering Regional Characteristics," Discussion Papers ks--2021-dp19, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2021-dp19
    DOI: 10.30573/KS--2021-DP19
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    File URL: https://www.kapsarc.org/research/publications/renewables-reliability-and-efficiency-in-electricity-markets/
    File Function: First version, 2021
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    Keywords

    Electricity consumption; Electricity demand; Economic Modeling;
    All these keywords.

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