Singapore, 2 November 2020 – The Energy Market Authority (EMA) of Singapore and the Energy Commission (Suruhanjaya Tenaga – ST) of Malaysia have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation in the energy sectors.
The MoU provides a framework for both organisations to enhance knowledge sharing and technical cooperation in the planning and reliability of gas and electrical systems; regulation of wholesale and retail electricity markets; and cooperation at multilateral meetings.
The first activity under the MoU will be a virtual dialogue between EMA and ST in the first half of 2021 to discuss the challenges and impact of COVID-19 on the energy sectors in Singapore and Malaysia. The dialogue will allow both organisations to share best practices on regulatory responses to support energy markets while safeguarding consumers’ interests.
Ngiam Shih Chun, CEO of EMA, said, “This MoU will strengthen the exchanges between EMA and ST. I look forward to closer collaboration on issues of mutual interest, such as greater integration of renewable energy into our national grids.”
Razib Dawood, CEO of ST, said, “The industry landscape as a whole is becoming more challenging than ever, especially in the post COVID-19 world. We look forward to a greater relationship with our peers in Singapore and we are sure that this will be a win-win collaboration for both countries.”
Following the MoU signing at the side-lines of the 13th Singapore International Energy Week (SIEW), Ngiam and Razib joined other speakers to share their views on the regulatory challenges facing energy systems during a panel discussion at the SIEW Energy Insights.
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Source: Energy Market Authority (EMA)