A simulation model for reliability-based appraisal of an energy policy: The case of Lebanon

H.A. Hamdan, R.F. Ghajar and R.B. Chedid

Energy Policy, 2012, vol. 45, issue C, 293-303

Abstract: The Lebanese Electric Power System (LEPS) has been suffering from technical and financial deficiencies for decades and mirrors the problems encountered in many developing countries suffering from inadequate or no power systems planning resulting in incomplete and ill-operating infrastructure, and suffering from effects of political instability, huge debts, unavailability of financing desired projects and inefficiency in operation. The upgrade and development of the system necessitate the adoption of a comprehensive energy policy that introduces solutions to a diversity of problems addressing the technical, financial, administrative and governance aspects of the system. In this paper, an energy policy for Lebanon is proposed and evaluated based on integration between energy modeling and financial modeling. The paper utilizes the Load Modification Technique (LMT) as a probabilistic tool to assess the impact of policy implementation on energy production, overall cost, technical/commercial losses and reliability. Scenarios reflecting implementation of policy projects are assessed and their impacts are compared with business-as-usual scenarios which assume no new investment is to take place in the sector. Conclusions are drawn on the usefulness of the proposed evaluation methodology and the effectiveness of the adopted energy policy for Lebanon and other developing countries suffering from similar power system problems.

Keywords: Production costing; Reliability evaluation; Generation expansion (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301421512001516
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:45:y:2012:i:c:p:293-303

DOI: 10.1016/j.enpol.2012.02.034

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().