Wholesale electricity prices have declined in recent years in Singapore. As a consequence, new entrants are struggling to survive but incumbent players have also seen their margins decline. Given low prices, incremental renewables growth and the influx of retail players, there's an increasing possibility that some existing power plants could be mothballed.
Hyflux and PacificLight power plants are up for sale
Current wholesale electricity prices and Wood Mackenzie's price forecasts mean incentives might be necessary to prevent mothballing of power plants
The government has raised the solar target post-2020 to 1000 MW
Carbon prices are unlikely to have an impact on the power sector
This report includes 2 file(s)
Singapore Power Data.xls XLS - 879.75 KB
Storyboard - Singapore power and renewables markets outlook 2017.pdf PDF - 552.69 KB
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.
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Commodity market report | Aug 2017
Singapore power and renewable markets long-term outlook 2017
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