OREANDA-NEWS. March 16, 2016.
  • SGX Electricity Futures (EF) added 56 lots in the first two weeks of March, bringing the total volume since trading started in June last year to 1,155 lots (1,269 GWh). Open interest as at the end of last week was 618 lots (677 GWh). Daily settlement prices (DSP) in the past two weeks for all contracts were between \\$55-\\$82/MWh, with the DSPs from 3Q 2016 onwards rising by  3%-5% compared to the preceding week.
  • During the week of 28 February – 5 March 2016 (Week 10), the weekly USEP dropped by 4.4% to average at \\$49.69/MWh, the third lowest weekly USEP since market start. Forecasted demand this week rebounded to six-week high, rising by 1.7% to average at 5,539 MW, the highest forecasted demand since 24 January. On a week-on-week basis, forecasted demand showed positive growth on all days as compared to the preceding week. The biggest increase was seen on Thursday at 2.2%. The highest and lowest demands were seen on Tuesday  and Sunday at 5,708 MW and 5,043 MW respectively.
  • Total supply for Week 10 followed the forecasted demand trend, rising to 8,032 MW – the second highest level since November 2015. A week-on-week comparison showed that total supply was higher on all days of the week, except Sunday and Monday, with the highest increase of 5.7% seen on Tuesday. Five of seven days saw total supply crossed 8,000 MW this week. The overall 1.9% increase in total supply this week was mainly contributed by the increase in CCGT supply as compared to the preceding week.

FULL ELECTRICITY MARKET REPORT AVAILABLE HERE.