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Keeping A Tab On the Power Industry – Market Update

Electricity demand continues to show a positive year-on-year growth and is expected to maintain a growth of 3 to 4% in the next 3 to 5 years.

Demand Outlook:

market-update Electricity demand in June '10 continued to show a strong positive year-on-year growth following its upward trend since May '09. This is due mainly to the warmer weather which was recorded from December '09 to March '10, with demand in March’10 hitting the highest year-on-year increase.

Longer-term, Singapore’s electricity demand will continue to stay strong and experience a growth of around 3 to 4% in the next 3 to 5 years. The electricity demand is expected to sustain its continued growth on the basis of reasonably bullish economic and market conditions. This growth will be fuelled predominantly by gas-based power generation.

Based on these observations, PowerSeraya expects maximum system demand to cross the 6,400 MW mark in the near future.

* The above market commentary have been provided for information purposes only and do not constitute an offer to buy or sell, nor a solicitation of any offer to buy or sell any security or financial instrument or to participate in any trading strategy. PowerSeraya and its subsidiaries have no obligation to inform you when such information changes or is outdated. No representation or warranty is made with respect to the accuracy, completeness or currentness of the material contained above.

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