What is the current price of energy storage power in Jordan

How much electricity does Jordan generate?

Imported natural gas and oil still account for approximately 76% of the electricity generated. Domestic resources, including renewable and traditional energy sources, represent 22% of the energy supply. However, the Jordanian government plans to generate 48.5% of electricity using local sources.

Can Jordan improve energy security?

Jordan has significant potential to succeed in scaling up its use of renewables, particularly in electricity generation, which could reduce energy prices for consumers and improve energy security.

How will energy prices change in Jordan in 2022?

Electricity prices for households have risen by 27% in 2022 and diesel prices by 17%. The country's energy consumption has decreased by 2.5%/year since 2017. Oil supplies half of the total consumption. Electricity demand should grow by an average of 6.5%/year until 2030. Jordan will develop 600 MW of solar PV through the Prosperity Green project.

What opportunities are there in the energy sector in Jordan?

Energy Technologies: Jordan is exploring energy storage solutions, which may also present opportunities for the U.S. energy sector. Technologies and services related to efficiency gains, including smart metering and grid management, may also find opportunities.

What is the primary energy supply in Jordan?

illustrates the breakdown of total primary energy supply in Jordan by source. Imported natural gas and oil still account for approximately 76% of the electricity generated. Domestic resources, including renewable and traditional energy sources, represent 22% of the energy supply.

Why is reducing electricity prices important in Jordan?

In Jordan, the industrial sector is the second-largest user of electricity, and the cost and reliability of energy are critical inputs for competitiveness at regional and global levels. Therefore, it is essential for the government to prioritize reducing electricity prices for the industrial sector in the upcoming energy-management plan.