LAPSE:2019.0091
Published Article
LAPSE:2019.0091
The Lebanese Electricity Woes: An Estimation of the Economical Costs of Power Interruptions
January 7, 2019
This paper contributes to the political and scientific debate surrounding the economic costs entailed by the regular power cuts in Lebanon. Examining the data on electricity consumption that was produced by onshore and offshore power plants, this paper estimates the economical costs of power interruptions in Lebanon over the period 2009⁻2014. Based on 700 USD/MWh, representing the average value of lost load (VOLL) in that period, results indicate that electricity shortages continue to render significant transfers of wealth to the detriment of economy and society as a whole. Over the period 2009⁻2014, the total losses for the Lebanese economy reached 23.23 billion USD. Just as importantly, some evidence suggests a sharp decline in the economical costs of power interruptions with the inception of the two floating power plants in 2013. The results are crucial for the decision makers to identify the economic efficiency of alternative measures to enhance the security of the Lebanese electricity supply.
Record ID
Keywords
electricity outage costs, floating power plants, Lebanon, security of electricity supply
Subject
Suggested Citation
Bouri E, El Assad J. The Lebanese Electricity Woes: An Estimation of the Economical Costs of Power Interruptions. (2019). LAPSE:2019.0091
Author Affiliations
Journal Name
Energies
Volume
9
Issue
8
Article Number
E583
Year
2016
Publication Date
2016-07-27
Published Version
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en9080583, Publication Type: Journal Article
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Published Article
LAPSE:2019.0091
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doi:10.3390/en9080583
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[v1] (Original Submission)
Jan 7, 2019
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Jan 7, 2019
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https://psecommunity.org/LAPSE:2019.0091
Original Submitter
Calvin Tsay
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