Energy Management Model Suitable for the Lebanese Case

Despite the country’s high integration of renewable energy over the last two years, power deficit is still a major issue in Lebanon. This paper proposes a trading platform allowing participants to share their excess energy and fully harness their installed solar systems. To effectively encourage the exchange of surplus solar energy within the community microgrid, a novel allocation method and dynamic pricing strategy for Peer to Peer (P2P) energy trading among local prosumers is introduced. The allocation ensures efficient and reasonable energy allocation, profitability, and ease of interaction. Moreover, the dynamic pricing strategy ensures profitability for all market participants and incentivizes the market to adopt more solar systems.