Commodity market report
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30 Pages

Singapore power markets long-term outlook H2 2013

Singapore power markets long-term outlook H2 2013

Report summary

With the commissioning of the LNG terminal, fuel oil plants at the margin have been replaced by gas plants.  This along with new gas power plants joining the grid has pushed down the pool prices in recent months.  Pool prices are expected to decrease further next year as more power plants are commissioned. A reduced spark spread, as a consequence of lower prices, is likely to deter potential new players as the prospect of recovering their capital costs is at risk.

What's included?

This report includes 4 file(s)

  • Singapore power markets long-term outlook H2 2013 PDF - 1.62 MB 30 Pages, 9 Tables, 27 Figures
  • Singapore Power Data.xls XLS - 667.64 KB
  • Appendix - Singapore power markets long-term outlook H2 2013.pdf PDF - 93.90 KB
  • Singapore gas and power markets long-term outlook H2 2013.pdf PDF - 551.80 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
    • Several new regulations are being implemented
    • Lower power prices likely to deter new players
    • Key facts and updates
  • 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 36 tables or charts, including:

  • Executive summary
    • Singapore power available capacity
    • Singapore power market balance
    • Singapore gas demand
    • Key changes to power analysis from H1 2013 publication:
  • Economic outlook
    • GDP Forecast - Singapore
    • Economic outlook: Table 1
  • 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
    • Screening curve with gas at US$ 6.77/mmbtu
    • Costs: Image 3
    • 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
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