KAPSARC – How the Census-2022 Results Changed the Outlook for Electricity Demand, Nov 2024

The King Abdullah Petroleum Studies and Research Center (KAPSARC) has published a report titled "How the Census-2022 Results Changed the Outlook for Electricity Demand," analyzing the impact of updated population data on electricity consumption forecasts. The study reestimates an empirical model of electricity demand using the revised population figures from the 2022 census. It addresses discrepancies between previous and current population data, which can lead to inaccuracies in electricity demand projections. The findings indicate that the updated population statistics significantly alter the outlook for electricity demand, highlighting the importance of accurate demographic data in energy planning. The report emphasizes that discrepancies between pre-revision and post-revision population figures can lead to potential inaccuracies in the projections of original models that relied on earlier data.