Saudi Electricity Company to pay Saudis for excess solar energy production

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Keywords: Saudi    Electric   Power

Dr. Abdullah Al-Shehri, the Saudi Arabian Governor of the Electricity and Co-Generation Regulatory Authority has on Friday disclosed that the Power company will pay any citizen if their solar panels produce energy that exceeds their household consumption per year.

However, the amount that would be paid on compensation has not yet been determined by the Electric Power Authority.

Al-Shehri noted that if the solar energy produced by the Solar system exceeds household consumption for a month, the citizen would not receive money for the month but would be saved for the following month. If, however, the annual accumulation of the power produced by the solar system exceeds the household's annual consumption, money in term of compensation would be paid to the citizen.

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It is believed that the production capacity of renewable energy will reach 9.5GW by 2023.

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