Middle East
With a power score of 1.92, Lebanon ranks number 54 among Emerging Markets and number 6 in the Middle East region
Power score
1.92/5
Score over time
2021 - 2024
Lebanon has a power score of 1.92, which puts it at rank 54 in the Emerging Markets power ranking. In comparison to 2023, Lebanon has improved in the power rankings by 31 places, from rank 85, to rank 54.
At 1.92, the power score of Lebanon is better than than the regional average of 1.84 in the Middle East region and puts it at rank 6 in the region.
Lebanon implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, Import tax incentives, VAT incentives, and Renewable Energy Certificates.
The average electricity price in Lebanon has dropped from 12.57 USD/MWh in 2022 to 11.18 USD/MWh in 2023. Since 2017, the average electricity price in Lebanon has fluctuated between 11.18 USD/MWh (2023) and 64.12 USD/MWh (2019).
The top amount of capacity installed in Lebanon in 2023 was in Oil & Diesel at 52.66%, down from 71.66% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - residential at 18.15%, up from 8.56% in 2022.
The top amount of electricity generated in Lebanon in 2023 was in PV at 43.05%, up from 15.56% in 2022.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.