Riyadh-Mubasher: Saudi Electricity Co. (SEC), the state-owned utility, said its statement of income of the fiscal year 2016 will be significantly impacted by the Cabinet’s decision to increase energy and fuel prices, according to a bourse statement posted on Tadawul website.
The decision will result in raising revenues from energy sale and cost of produced energy on increasing fuel prices, the company said.
It added that the increase in revenues will be near that of production cost.
