WaterRock Energy Economics (HK) Limited is a market and economic consultancy with a focus on power and gas sector in mainland China, Taiwan, Singapore, the Philippines and other Asian countries.   In the name, "Water" represents renewable and "Rock" represents fossil fuel.  We focus on robustly tracking and analyzing the interaction between renewables, gas and coal in Asia. 

We work hard to provide concise, practical and independent insights and solutions for our clients and partners.

WELCOME TO WaterRock Energy



The team have a strong track record of providing valuable advisory services on:

  • Regulatory/policy analysis on competitive electricity markets such as Singapore, the Philippines and South China (e.g. we are currently involved in the design of forward capacity market in Singapore);

  • Role of flexible capacity and the economics of flexible power capacity and associated energy infrastructure in Asia (In early 2020, we were invited by JBIC to present to the Philippines' Energy Committee of the Senate and Philippines' House of Representatives on the role of natural gas and economics of building new LNG terminals in the Philippines);

  • Market studies and economics of building/investing in power and gas infrastructure assets in Greater China region, the Philippines, Singapore and other Asian countries

    • Solar and wind curtailment assessment and forecast in China (we have used a sophisticated curtailment assessment tool to project over 10 GW of solar and wind curtailment for several international investors since 2013) ;

    • Detailed provincial-level power and gas sector market studies in mainland China;

    • Detailed market/due-diligence studies on the gas and power market in Taiwan;

    • Detailed market/due-diligence studies on gas and power market in Singapore, the Philippines and other ASEAN markets

  • Power dispatch and capacity expansion optimization modelling;

  • Power and gas tariff projection; and

  • Tariff benchmarking.

Market Due-diligent Study



Price Trend Analysis and Forecast


Power and Gas Optimization Modelling Support


Curtailment Analysis and Forecast


Regulation and Strategy Support


Commercial and Strategy Support


Foreign investors eye China’s renewables sector

April 10, 2019

Opportunities and Challenges of Investing in China Wind and Solar Sector

October 13, 2018

Managing near-term gas scarcity and long-term LNG demand Uncertainty in China

August 12, 2018

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WaterRock Energy Economics (HK) Limited  /  S-01, 10/F, Wharf T&T Centre, Harbour City, 7 Canton Rd, Tsim Sha Tsui, HK  /  +852 93658216 / Liutong Zhang (Lucas) lzhang@waterrockenergy.com