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Market Research Report
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979648

Singapore Power Market Report and Long-Term Outlook 2020

Published: | Greentech Media Inc. | 44 Pages | Delivery time: 1-2 business days

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Singapore Power Market Report and Long-Term Outlook 2020
Published: December 22, 2020
Greentech Media Inc.
Content info: 44 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

Total power generation grew modestly at 1.9% a year from 2015 to 2019, reaching 50 TWh in 2019. We expect a decline of about 4% in 2020 due to the pandemic - Overall capacity is expected to grow -from 12.8 GW in 2019 to 15.9 GW at an annual growth rate of just 0.7% by 2050 - Solar will reach 1.3 GW by 2030 and account for just 2% of generation by 2030, short of the Energy Market Authority's target of 2 GW and implied generation share of 3% by 2030. By 2050, solar will account for 8% of the generation mix - As of October 2019, Singapore had established full contestability across all end users down to the residential sector - LNG will continue to be the marginal price setter in Singapore's wholesale market.

Table of Contents

Table of Contents

  • 1. Overview
  • 2. Market structure
  • 3. Power demand
  • 4. Power supply
  • 5. Power market cost dynamics and pricing