With the implementation of the new law, Decentralized Renewable Energy Law (DRE), two varieties of regulations will be put in place. These two types include peer-to-peer contracts and net metering. Amidst all such dealings, Pierre El Khoury, its CEO stated in a magazine interview, “LCEC expects the DRE law will create momentum for some additional 800 to 1,200 MW in the next few years.”
In the case of peer-to-peer contracts, it can only be conducted between buyers and sellers if the matter in concern is renewable sources. In doing so, it eliminates the reliability of power grids for electricity. However, there is a trading fee that they have to bear. Taking these factors into account, El Khoury stated, “In a congested city with high-rise buildings like Beirut, entities that do not have enough space on their rooftop can now and thanks to the DRE law use available spaces anywhere in Lebanon.”
Although all such laws have already been implemented, there needs to be a decision on the amount of the fees. However, such responsibilities should be assigned to the concerned authorities. Currently, the seat of Lebanon’s current regulatory board is vacant. This has also raised several other concerns, such as, whether the way a recruited energy department would function creates some sort of transformation or reformation of the existing DRE law.