The Board of Directors of the Water and Electricity Regulatory Authority,
based on the powers entrusted to it by law,
based on article 4(1)(a) and article 22(2) of the Electricity Law issued by Royal Decree D/44 dated 16 Jumada Al-Awwal 1442 [31 December 2020].
based on article 5 of the statute of the authority issued by Council of Ministers Decision 263 dated 14 Jumada Al-Awwal 1442 [29 December 2020],
after perusal of Royal Order 41156 dated 23 Rajab 1440 [30 March 2019] and Royal Order 48790 dated 24 Ramadan 1439 [8 June 2018].
after perusal of the Executive Regulation of the Electricity Law regarding the functions of the authority approved by the board of directors of the authority Decision 27/11/3 dated 15 Rabi Al-Thani 1427 [13 May 2006].
after perusal of Circular Memo 43/02 presented to the board, which includes the request for the approval of the board to adopt the Executive Regulation of the Electricity Law regarding the functions of the authority in accordance with the attached form,
and after perusal of the minutes of the review meeting 43/02 dated 13 Rabi Al-Thani 1443, corresponding to 18 November 2021, and in pursuance of public interest,
hereby decides
First
The Executive Regulation of the Electricity Law regarding the functions of the authority is hereby approved in the form attached to this decision.
Second
The application of the provisions of the regulation referred to in clause First of this decision does not prejudice the mandates of the Ministerial Committee for the Restructuring of the Electricity Sector and the Saudi Electricity Company formed by Royal Order 41156 dated 23 Rajab 1440 [30 March 2019] in accordance with what is stated in Royal Decree D/44 dated 16 Jumada Al-Awwal 1442 [31 December 2020] issued in regard to the Electricity Law.
Third
The application of the provisions of the regulation referred to in clause First of this decision does not prejudice the mandates of the Executive Committee for the Governance of the Amendment of the Prices of Energy and Water Products formed by Royal Order 48790 dated 24 Ramadan 1439 [8 June 2018] in accordance with what is stated in Royal Decree D/44 dated 16 Jumada Al-Awwal 1442 [31 December 2020] issued in regard to the Electricity Law.
Fourth
This decision must be published in the official gazette and on the website of the authority.
Fifth
This decision must be communicated to those who are required to implement it.
May Allah provide success.
Chairman of the Board of Directors
Water and Electricity Regulatory Authority
Abdulaziz bin Salman bin Abdulaziz
Issued on: 13 Rabi Al-Thani 1443
Corresponding to: 19 November 2021
Published in Umm Al-Qura 4911 issued on 3 December 2021.