GCC power consumption to rise 2.5% a year
White paper reports GCC residents will use more power than US
A Deloitte white paper on Energy and Resources in the Middle East has said that electricity consumption between 2007 and 2035 is likely to increase at an annual rate of 2.5 per cent.
The reports states that a large part of the increase is attributed to the needs of growing population throughout the GCC, with a significant 47 per cent of energy consumption diverted into residential use.
"Believe it or not, the residents of GCC countries use more electricity domestically than their counterparts in the United States", said Kenneth McKellar, partner and Energy and Resources leader at Deloitte in the Middle East.
He added: "Given this scenario, we would expect effective demand management to play a key role in the energy balance of GCC countries, and this is already happening. As the role of demand management increases, energy efficiency policies and measures will also be inevitably streamlined and reassessed."
According to the white paper, since GCC countries are not as industrialised or service-based as other economies, their residential use of electric power will form a greater proportion of overall electricity consumption. GCC countries put only 10.5 per cent of their electricity to use in 'industry' as opposed to 37.7% globally.