Commodity market report
| |
27 Pages

Singapore power markets long-term full report H1 2014

Singapore power markets long-term full report H1 2014

Report summary

Full report of the Singapore power market H1 2014 includes updates to the sections below. Downward pressure on prices continues with the commissioning of SembCorp's 400 MW CCGT in the second quarter of 2014 and TuasSprings 411 MW CCGT in 2015. Current prices are well below the estimated LRMC of US$ 130/MWh for a new build CCGT at baseload. This low spark spread casts doubts on the ability of the new gencos to recover the cost of newbuild investment.

What's included?

This report includes 2 file(s)

  • Singapore power markets long-term full report H1 2014 PDF - 568.03 KB 27 Pages, 8 Tables, 25 Figures
  • Singapore Power Data.xls XLS - 693.45 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.

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
    • Data Summary
    • Market Overview
      • Power prices on the decline
      • Vesting contract level to decline further
      • Spark spread
  • Economic outlook
    • Economic Indicators
  • Policy and regulation
    • In this section
    • Energy policy
      • Key offices
      • Policy Drivers
      • Competition
      • Fuel Mix
      • Renewables
      • Pricing
        • Major Energy Legislation
        • Key players
          • Singapore’s energy policy and regulatory structure
        • Power Market Regulation
          • Market operator
          • Generation
          • Transmission & Distribution
          • Retail
          • Regulation
        • Power market value chain
  • Supply
    • Capacity & reserve margin
  • Costs
    • In this section
    • Breakeven Cost By Technology
      • Breakeven Cost (LRMC) Based on Technology (2020 prices)
    • New-build economics
      • New-build Economics by Technology
        • New plant economics by technology (LRMC)
      • Screening Curves
      • Sensitivity on Gas Breakeven Prices by Technology
    • Short Run Marginal Cost Analysis
  • Infrastructure
    • In this section
    • Singapore Power Transmission Infrastructure
      • Power Infrastructure - Current
      • Power Infrastructure – Planned & Possible
      • Losses and Efficiency Gains
  • Demand
    • Power demand
      • GDP Growth and Power Sales
  • Supply-demand balances
    • In this section
    • Annual generation forecast
      • Annual capacity factor by plant type (% utilisation)
    • Transmission utilisation across regions
      • Power import from Malaysia
    • Captive power
      • Captive Power Demand
        • Singapore captive power sales
      • Current and Future Captive Capacity
        • Existing captive power capacity
        • Planned and forecast captive power capacity
  • Prices
    • In this section
    • End-user tariffs
    • Power Price Forecast
      • Average Annual System Short-run Cost
        • Average annual short term generation costs by system and plant type
      • Spark-spread
  • Risks and uncertainties
    • GDP Sensitivity on Gas Demand

In this report there are 33 tables or charts, including:

  • Executive summary
    • Singapore power available capacity
    • Singapore power market balance
    • Singapore gas demand
    • Executive summary: Table 4
  • Economic outlook
    • Q1 2014 GDP Forecast - Singapore
  • Policy and regulation
    • Policy and regulation: Table 1
    • Policy and regulation: Image 1
    • Policy and regulation: Image 2
  • Supply
    • Supply: Image 1
    • Supply: Image 2
  • Costs
    • Costs: Image 1
    • Costs: Table 1
    • Singapore 2015 merit order
    • Singapore 2025 merit order
  • Infrastructure
    • Power Infrastructure - Map
  • Demand
    • GDP growth and power sales growth
    • Power sales
  • Supply-demand balances
    • Grid generation by fuel used (TWh)
    • Grid generation by fuel used (%)
    • Supply-demand balances: Image 3
    • Supply-demand balances: Image 4
    • Supply-demand balances: Image 5
    • Supply-demand balances: Table 1
    • Supply-demand balances: Table 2
  • Prices
    • Singapore wholesale and regulated retail prices
    • Prices: Image 2
    • Prices: Image 3
    • Prices: Image 4
    • Prices: Image 5
    • Prices: Image 6
    • Prices: Image 7
  • Risks and uncertainties
    • GDP growth assumptions for high and low cases
    • Power demand sensitivity on gas demand
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.