{"id":1126,"date":"2024-12-03T10:21:29","date_gmt":"2024-12-03T06:21:29","guid":{"rendered":"https:\/\/www.utilitybusinessmena.com\/?p=1126"},"modified":"2024-12-03T10:21:29","modified_gmt":"2024-12-03T06:21:29","slug":"uae-and-saudi-arabia-join-common-electricity-market-launched-by-arab-league","status":"publish","type":"post","link":"https:\/\/cheeltech.com\/utilitybusinessmena\/electricity\/uae-and-saudi-arabia-join-common-electricity-market-launched-by-arab-league","title":{"rendered":"UAE and Saudi Arabia join common electricity market launched by Arab League"},"content":{"rendered":"\n<p>The <a href=\"https:\/\/www.utilitybusinessmena.com\/climate-change\/saudi-arabia-launches-major-initiative-to-enhance-drought-resilience-globally\" data-type=\"post\" data-id=\"1123\" rel=\"nofollow noopener\" target=\"_blank\">Arab League<\/a> has launched the <a href=\"https:\/\/www.utilitybusinessmena.com\/digitalisation\/smart-meters\/etihad-water-and-electricity-etihadwe-completes-100-smart-meter-installation-for-customers\" data-type=\"post\" data-id=\"639\" rel=\"nofollow noopener\" target=\"_blank\">Arab Common Electricity Market<\/a>, a landmark initiative aimed at achieving regional integration in the electricity sector and boosting <a href=\"https:\/\/www.utilitybusinessmena.com\/renewable-energy\/cop28-uneza-clean-energy-pledge\" data-type=\"post\" data-id=\"367\" rel=\"nofollow noopener\" target=\"_blank\">clean energy<\/a> cooperation among Arab nations.<\/p>\n\n\n\n<p>The announcement came during the 15th session of the Arab Ministerial Council for Electricity, held in Egypt\u2019s New Administrative Capital.<\/p>\n\n\n\n<p>Attended by energy ministers and officials from 22 Arab nations, the session marked the signing of two pivotal agreements: the &#8220;General Agreement,&#8221; outlining the market&#8217;s objectives and developmental framework, and the &#8220;Market Agreement,&#8221; establishing governance, institutional, and commercial structures.<\/p>\n\n\n\n<p>Signatory countries include the UAE, Saudi Arabia, Egypt, Qatar, and Morocco, among others.<\/p>\n\n\n\n<p>The initiative seeks to enhance electricity supply stability, reduce costs, and encourage investment in renewable energy, positioning Arab countries as key global exporters of clean energy.<\/p>\n\n\n\n<p>\u201cThe Arab Common Electricity Market will support efficient electricity consumption, strengthen national energy strategies, and pave the way for large-scale developmental projects,\u201d officials noted in a statement.<\/p>\n\n\n\n<p>The project highlights a shared commitment among member states to leverage regional cooperation for sustainable energy solutions, aligning with broader global efforts to combat climate change and promote renewable energy investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The initiative seeks to enhance electricity supply stability, reduce costs, and encourage investment in renewable energy, positioning Arab countries as key global exporters of clean energy.<\/p>\n","protected":false},"author":2,"featured_media":368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,40,428,712],"tags":[1305,1306,1307,1308,1309,1310,1311,1312,42,387],"class_list":{"0":"post-1126","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-electricity","8":"category-news","9":"category-power","10":"category-power-transmission","11":"tag-arab-common-electricity-market","12":"tag-arab-energy-strategies","13":"tag-arab-league","14":"tag-arab-ministerial-council-for-electricity","15":"tag-clean-energy-exports","16":"tag-electricity-cooperation","17":"tag-electricity-market-agreements","18":"tag-regional-energy-integration","19":"tag-renewable-energy","20":"tag-sustainable-energy"},"_links":{"self":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/1126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/comments?post=1126"}],"version-history":[{"count":0,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/1126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media\/368"}],"wp:attachment":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media?parent=1126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/categories?post=1126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/tags?post=1126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}