Saudi Power Procurement

­The Kingdom of Saudi Arabia (KSA) is reforming its electricity sector with the objective of introducing a Competitive Electricity Market (CEM). The Competitive Electricity Market shall aim to improve efficiency, transparency of the sector through continuous competitive price discoveries and enhance participation of all market players and to sustainably move from a regulated electricity market with the vertically integrated utility towards a competitive electricity market. Principal Buyer or Saudi Power Procurement Company (SPPC) has been granted the license to facilitate the transitions and the major changes in the sector.