A simulation model for reliability-based appraisal of an energy policy: The case of Lebanon

► Evaluation methodology based on a probabilistic simulation tool is proposed. ► A business-as-usual scenario for a given study period of the LEPS was modeled. ► Mitigation scenarios reflecting implementation of the energy policy are modeled. ► Policy simulated and compared with business-as-usual scenarios of the LEPS. ► Results reflect usefulness of proposed methodology and the adopted energy policy.