Domestic energy pricing: Trends and implications for the Arab world

Abstract

Energy use everywhere is tied to population growth, industrialization, expansion of urban centers, and development of industrial and infrastructural facilities. The decade of the 1970s saw dramatic changes in the economic activity and performance of Arab economies. New economic targets were set in place, with new priorities and investment strategies. Energy policy was becoming an important priority for every country in the Arab world. A critical issue in energy policy is that of pricing, that is, determining the appropriate valuation for domestic uses of energy.