Amman, March 30 (Petra) -- The Edama Association, in partnership with the Energy and Minerals Regulatory Commission, convened a consultative meeting on Monday with key stakeholders from the renewable energy sector to assess prevailing challenges and explore strategic opportunities amid evolving regional dynamics.
Chair of Edama Association Duraid Mahasneh said the association serves as a national platform fostering structured public-private dialogue, underscoring its role in supporting policy formulation and improving the investment climate in the energy sector. He noted that such efforts contribute to advancing sustainability objectives and strengthening energy security.
Chair of the Board of Commissioners of the Energy and Minerals Regulatory Commission Ziad Sa’aydeh said the sector is undergoing a structural transformation, driven by the increasing share of renewable energy in the national electricity mix, reflecting the effectiveness of policies aimed at attracting high-value investments in clean energy.
On energy security, Sa’aydeh said the Kingdom maintains a strategic reserve sufficient to meet domestic demand, noting that fuel stations are required to sustain minimum reserve levels of no less than 40 percent. He added that the commission continues to monitor the readiness of the petroleum derivatives system and implement a comprehensive distribution framework to ensure uninterrupted supply across sectors.
He indicated that regional developments have driven up energy sector costs by approximately JD100 million per month since the onset of the regional crisis, stressing that electricity tariff adjustments are not currently under consideration.
On the regulatory front, Sa’aydeh said the commission has reached advanced stages in developing a legislative framework governing energy storage systems, aligned with international best practices and aimed at enabling quality investments in the segment.
Private sector representatives highlighted the critical role of energy storage technologies in enhancing grid efficiency and facilitating greater integration of renewable energy, expressing readiness to invest once the regulatory framework is finalized.
The meeting concluded with a call to institutionalize ongoing dialogue between public and private stakeholders to bolster sector resilience, enhance adaptability to regional developments, and reinforce long-term sustainability and operational efficiency.
//Petra// AJ
