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Saudi Energy Consumption May Drop 60% With New Rules: Al-Riyadh

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May 6 (Bloomberg) -- Saudi Arabian energy consumption may drop as much as 60% with implementation of new standards, al-Riyadh reports, citing Saudi Electricity CEO Ali al-Barrak. * Al-Barrak says govt. to introduce regulations for air condition use and mandatory insulation requirements for buildings: al-Riyadh * Al-Barrak says 80% of domestic energy consumption is from air conditioning: al-Riyadh * Al-Barrak says raising electricity tariffs highly unlikely: al-Riyadh

To contact the reporter on this story: Deema Almashabi in Riyadh at dalmashabi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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