Commodity market report
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35 Pages

Malaysia power and renewable markets long-term outlook 2016

Malaysia power and renewable markets long-term outlook 2016

Report summary

A key theme on the ground in Malaysia is gas market liberalisation. The Energy Commission (EC) hopes to implement third party access (TPA) by Q3 2016, opening access to gas infrastructure and pipelines. The regulated gas price to the power sector is already undergoing stepped increase of RM1.5 every six months since 2014. These pricing reforms will have direct impact on the power tariffs regulated via cost pass through mechanism since 2014. The EC is doing their due diligence to analyse the impact of gas price reform on power tariffs. The future fuel mix in Malaysia will be dictated to a great extent by the government's aspirations for affordable prices and their commitment to reduce carbon footprint.

What's included?

This report includes 2 file(s)

  • Malaysia power and renewable markets long-term outlook 2016 PDF - 887.21 KB 35 Pages, 7 Tables, 36 Figures
  • Malaysia Power Data.xls XLS - 1.15 MB


The power sector is rapidly transitioning to a cleaner generation mix supported by technological and regulatory changes. Regional markets and structures are adjusting to these new realities with implications on fuel demand, commodity pricing and asset values.

This Power Markets Long Term Outlook report provides a detailed analysis of supply, demand and price fundamentals, as well as the regulatory and market issues affecting regional power markets.

Use this report to examine key issues driving regulatory and economic trends and identify future growth opportunities in regional power markets.

Wood Mackenzie's detailed analysis and reliable market forecasts give you a strong foundation for your investment decisions and corporate planning. Our experienced power research analysts use high-quality proprietary gas, coal and oil markets research to help you unlock power market fundamentals and identify future growth opportunities.

  • Executive summary
  • Economic outlook
  • Policy and regulation
    • In this section
    • Policy drivers
    • Fuel mix
    • Renewables
    • Pricing
    • Generation
    • Transmission
    • Distribution and retail
  • Environmental policy and renewables
    • Policy
      • Feed-In-Tariffs
    • Renewables
  • Supply
    • Capacity and reserve margin
      • Available capacity and reserve margin
        • Peninsular Malaysia
        • Sarawak
        • Sabah
  • Costs
    • In this section
    • Short run marginal cost analysis – Peninsular Malaysia
  • Infrastructure
  • Demand
    • Power demand
      • Power sales/GDP growth and electricity intensity factor
  • Supply-demand balances
    • In this section
    • Peninsular Malaysia
    • East Malaysia
    • Peninsular Malaysia
    • East Malaysia
      • Sarawak
      • Sabah
      • Transmission utilisation across regions
        • Thailand link:
        • Singapore link:
        • West Kalimantan link:
      • Captive power
        • Captive power demand by region
        • Current captive capacity
  • Prices
    • In this section
  • Risks and uncertainties
    • GDP sensitivity on gas demand (Peninsular Malaysia)
    • Coal sensitivity on gas demand (Peninsular Malaysia)

In this report there are 43 tables or charts, including:

  • Executive summary
  • Economic outlook
    • GDP forecast - Malaysia
  • Policy and regulation
    • Malaysia's energy policy and regulatory structure
    • Major energy legislation
    • Policy and regulation: Image 2
  • Environmental policy and renewables
    • Environmental policy and renewables: Table 1
    • Capacity: renewables vs non-renewables
    • Environmental policy and renewables: Image 2
    • Capacity: renewables by fuel
    • Generation: renewables by fuel
    • Environmental policy and renewables: Image 5
    • Emissions in the power sector
    • Contribution of gas and coal in the power sector
  • Supply
    • Existing and planned capacity
    • Capacity by plant type and peak load
    • Reserve margin by region
    • Available capacity by region
  • Costs
    • Breakeven cost (LRMC) based on technology (2020 prices)
    • New plant economics by technology (LRMC)
    • Peninsular Malaysia 2020 merit order
    • Peninsular Malaysia 2030 merit order
  • Infrastructure
  • Demand
    • Power sales growth, GDP growth and electricity intensity factor
    • Demand: Image 2
  • Supply-demand balances
    • Peninsular Malaysia grid generation by fuel
    • East Malaysia grid generation by fuel
    • Peninsular Malaysia annual capacity factor by plant type (% utilisation)
    • Sarawak annual capacity factor (% utilisation)
    • Sabah annual capacity factor (% utilisation)
    • Power Export from Peninsular to Thailand, Singapore
    • Power Export from Sarawak to West Kalimantan
    • Malaysia captive power sales by region
    • Peninsular Malaysia captive power by plant type (2014)
  • Prices
    • Peninsular Malaysia electricity prices
    • Peninsular Malaysia’s average electricity prices
    • Peninsular Malaysia average annual short term generation costs by system and plant type
    • Average end-user power breakeven cost (Real 2015)
  • Risks and uncertainties
    • GDP growth assumptions for high and low case
    • Power demand sensitivity on gas
    • Coal growth assumptions for high and low case
    • Coal demand sensitivity on gas in the power sector
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