ОРЕАНДА-НОВОСТИ. SGX Electricity Futures (EF) traded 40 lots in the past two weeks, bringing the total volume since trading start to 1,972 lots (2,163 GWh). Open interest as at the end of last week was 764 lots (838 GWh). The forward prices remain between the mid $60/MWh and mid $80/MWh, with the front quarter settlement price coming down to the mid $60/MWh level after briefly elevated to the $70/MWh level on Friday, 15 July, in line with the jump in USEP that day.

During the week of 10-16 July 2016 (Week 29), the weekly USEP jumped by 13% to average at $73.71/MWh, due to lower CCGT offer and one CCGT unplanned outage on Friday. Forecasted demand this week decreased by 0.3% to average at 5,773 MW. On a week-on-week basis, other than Wednesday which had a positive growth, all other days this week showed lower forecasted demand compared to the preceding week. The minimum and maximum forecasted demand this week were 4,733 MW (down 2.5%) and 6,776 MW (down 0.5%), respectively.

Total supply for Week 29 dropped by 0.2% to average at 8,217 MW, due to weaker CCGT supply. CCGT supply decreased by 0.2%, but ST and GT supply remained unchanged at 122 MW and 180 MW, respectively. A week-on-week comparison showed that total supply was lower on Sunday, Tuesday, Thursday and Friday.