Why is the energy sector subsidized in Libya?

This is due to many factors, such as cultural rules, practices of social life, and the most key factor is the subsidized electricity tariff. Therefore, in Libya, the energy sector is subsidized, where electricity tariffs are deemed (Almaktar, 2018).

Are solar PV systems a good investment in Libya?

In Libya, the solar photovoltaic (PV) systems are encouraging for the future, due to incident solar radiation is greater than the minimum required rate across the country (Hewedy et al., 2017). Based on that from a techno-economics point-view, there is a need to develop substantial energy resource solutions.

How much does a PV system cost in Libya?

The PV system for electricity in the Libyan market is estimated to cost about “5–13,000” Libyan/denars (this price from private business companies); depending on the size/capacity that invested by the private sector.

Are electricity tariffs subsidized in Libya?

Therefore, in Libya, the energy sector is subsidized, where electricity tariffs are deemed (Almaktar, 2018). Hence, there is indeed a high gap between the generating price and the tariff cost given to the customer.

Are grid-connected photovoltaics a good investment in the Libyan power system?

For those interested in the large dynamic of photovoltaics economics, a thorough analysis of grid-connected photovoltaics in the Libyan power system would be very beneficial as most firms will raise their profits and lower their costs (Almaktar et al., 2020), and described by (Almaktar and Shaaban, 2021).

Is PV a viable alternative to fossil fuels in Libya?

Besides to energy demand in Libya has also been noticed to be rising, and PV may be the alternative to meet some of this demand without needing to construct new fossil fuel power plant stations due to the increased insolation availability of approximately 8.1 kWh/m 2 /day (Chedid and Chaaban, 2003).