Logo ofRiyadh Steel Co.
Riyadh Steel Co. announced that the update to the electricity consumption tariff is expected to increase its energy costs, with the estimated annual financial impact amounting to approximately SAR 1.37 million in 2027. 
Meanwhile, it noted that there is no material financial impact expected from water tariffs adjustment.
The company also confirmed that actual impacts may vary depending on consumption levels, operating costs, and other relevant variables.
Riyadh Steel further stated that it is studying the available options to mitigate the impact of these costs and improve operational spending efficiency, thereby supporting business sustainability and maintaining operational efficiency.
It will announce any material developments in this regard in accordance with the applicable regulatory requirements.
According to Argaam, Saudi Arabia’s electricity sector announced an adjustment to electricity service tariffs in accordance with the governance procedures for adjusting energy and water product prices, effective January 1, 2027. The National Water Company (NWC) also announced that revised tariffs for water and sewage services will take effect on the same date across the residential, non-residential, and government sectors.
Logo ofRiyadh Steel Co.
Riyadh Steel Co. announced that the update to the electricity consumption tariff is expected to increase its energy costs, with the estimated annual financial impact amounting to approximately SAR 1.37 million in 2027.
Meanwhile, it noted that there is no material financial impact expected from water tariffs adjustment.
The company also confirmed that actual impacts may vary depending on consumption levels, operating costs, and other relevant variables.
Riyadh Steel further stated that it is studying the available options to mitigate the impact of these costs and improve operational spending efficiency, thereby supporting business sustainability and maintaining operational efficiency.
It will announce any material developments in this regard in accordance with the applicable regulatory requirements.
According to Argaam, Saudi Arabia’s electricity sector announced an adjustment to electricity service tariffs in accordance with the governance procedures for adjusting energy and water product prices, effective January 1, 2027. The National Water Company (NWC) also announced that revised tariffs for water and sewage services will take effect on the same date across the residential, non-residential, and government sectors.
