Kuwait

With a power score of 1.27, Kuwait ranks number 87 among Emerging markets and number 5 in the Middle East.

Power score
1.27/5

Fundamentals1.45/5

Opportunities0.79/5

Experience1.39/5

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Ranking over time1.27/5

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Kuwait has a power score of 1.27, which puts it at rank 87 in the Emerging Markets power ranking. The power score of Kuwait is lower than the average of 1.85 in the Middle East.

Regional comparison chart

In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.

Power

Power policy

Kuwait implements policies in 2/8 categories tracked by Climatescope; Renewable energy target and Tax incentives

Renewable energy target

Auctions/tenders (utility-scale)

Feed-in tariff/premium (utility-scale)

Support for customer-sited generation (rooftop and self-consumption)

Tax incentives

Renewables mandate/RPS/Supplier Obligation

REC'S - Renewable Energy Certificates

Priority generation dispatch

Power prices and costs

The average electricity price in Kuwait has increased from $27.11/MWh in 2023 to $27.15/MWh in 2024. Since 2019, the average electricity price in Kuwait has fluctuated between $27.11/MWh in 2023 and $27.62/MWh in 2021.

Electricity prices in Kuwait (2019-2024)

Power market

The top amount of capacity installed in Kuwait in 2024 was in Oil and diesel at 13.06GW.

Installed capacity (2019-2024)

Electricity generation (2019-2024)

The technology with the largest share of electricity generated in Kuwait in 2024 was Oil and diesel at 49.21TWh, up from 47.23TWh in 2023.

Investment in Kuwait (2019-2024)

Investment in clean energy in Kuwait was around $14.00M in 2024.

Utility privatisation

Which segments of the power sector are open to private participation?

generation

transmission

retail

Doing business and barriers

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Currency of Corporate PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

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