Pipelines, Storage & Power

GCCIA scales down power exchange plans

The revised version of the GCC’s power exchange will handle smaller volumes and fewer products, but will be cheaper and will grow with the market The revised version of the GCC’s power exchange will handle smaller volumes and fewer products, but will be cheaper and will grow with the market.
By Verity Ratcliffe 11 September 2018 0 32489
Electricity pylons near the Burj Khalifa in Dubai. (PA)

The six Gulf Cooperation Council (GCC) states will soon be able to trade power with each other on an exchange. 

The new platform will be a scaled-down version of the original design and will handle smaller volumes and fewer products. The facility will be adapted and expanded over time to allow for a gradual migration towards exchange trading and to limit the initial costs of the project.

An interconnector completed in 2011 was intended to allow the GCC’s six member states – Bahrain, Qatar, Kuwait, Saudi Arabia,...