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Shihab Elborai

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GCC: Power Subsidy To Cost $150 Billion
February 2nd, 2020 - 10:15 GMT

GCC: Power Subsidy To Cost $150 Billion

Electricity subsidy regime in the GCC will cost an additional $150 billion for governments in the current decade as demand increases, a study has warned, The current electricity pricing policy in the GCC, that has cost member countries more than $120 billion over the past 20 years, is unsustainable in the current fiscal environment, argue analysts at Strategy&. "Keeping existing policies in place until 2030 would cost an additional $150 ...
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