Saudi Electricity Company ( ar, الشركة السعودية للكهرباء; SEC) is the Saudi

electric energy Electrical energy is energy related to forces on electrically charged particles and the movement of electrically charged particles (often electrons in wires, but not always). This energy is supplied by the combination of electric current and electr ...

company. It enjoys a

monopoly A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situati ...

on the generation, transmission and distribution of

electric power Electric power is the rate at which electrical energy is transferred by an electric circuit. The SI unit of power is the watt, one joule per second. Standard prefixes apply to watts as with other SI units: thousands, millions and billions o ...

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...

through 45 power generation plants in the country. In 2019 SEC was ranked by

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

as the 5th largest company in the Kingdom, and the 578 worldwide, with total annual sales of $17.1 billion . The company was formed in 2000 by Order of the

Council of Ministers A council is a group of people who come together to consult, deliberate, or make decisions. A council may function as a legislature, especially at a town, city or county/ shire level, but most legislative bodies at the state/provincial or nati ...

through a merger of existing regional electricity companies in the Central, Eastern, Western and Southern regions into a single joint stock company. In 2009, the Electricity and Co-generation Regulatory Authority (ECRA) announced its intention to split the company into four generation companies and separate transmission and distribution companies to encourage competition in the domestic utilities sector. A transmission company – National Grid SA – was established in 2012 to operate the national grid. In 2014, ECRA was said to have hired advisors on the break-up of the company. ECRA also confirmed the new generation companies will be open to foreign investment. The company is 81.24 percent owned by the government, both directly (74.31 percent) and through Saudi Aramco (6.93 percent). SEC plans to expand its power generation capacity from 60 GW to 91 GW by 2020 and more than double the existing capacity over the long term to meet demand. In 2015, SEC, Taqnia Energy and

King Abdulaziz City for Science and Technology King Abdulaziz City for Science and Technology (KACST; ar, مدينة الملك عبدالعزيز للعلوم والتقنية) in Riyadh, Saudi Arabia is an organization established in 1977 as the Saudi Arabian National Center for Science & ...

(KACST) agreed to collaborate to build and operate the first standalone

solar power Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovoltaic e ...

station in the country. Net profit for the second quarter of the year reached SAR5.5 million, down by 5.6% compared to SAR5.8 million a year ago, the company said in a statement on the Saudi Stock Exchange (Tadawul) Monday. Total comprehensive income dipped 3% to SAR5.7 million. For the first six months of 2022, net profit fell 6.6% to SAR7 million, while total comprehensive income slipped 0.14% to SAR7.7 million.

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* — * — * Paper that an employee at SEC authored in 2017 on the effects of jointly reforming industrial fuel and residential electricity prices in Saudi Arabia. {{authority control Electric power companies of Saudi Arabia Government-owned companies of Saudi Arabia Energy companies established in 2000 Non-renewable resource companies established in 2000 Companies listed on Tadawul Government-owned energy companies Companies based in Riyadh Saudi Arabian companies established in 2000 Electric power monopolies