KAPSARC – Renewable Energy Certificates in the Saudi Electricity System
Summary
The document focuses on the system of Renewable Energy Certificates (REC) in Saudi Arabia.
RECs are tradable instruments that certify the production of 1 megawatt-hour of electricity from renewable sources. These certificates allow tracking the amount of renewable electricity supplied and consumed and can incentivize additional renewable energy projects. Saudi Arabia plans for half of its electricity capacity to come from renewable technologies by the early 2030s. Analysis using the KAPSARC Energy Model shows that the expected price of REC will be $25 per MWh when demand for REC exceeds supply.
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