Post by : Badri Ariffin

Singapore and Japan have agreed to strengthen cooperation in regulating electricity and gas markets after their energy regulators signed a new memorandum of cooperation (MOC).

The agreement was signed on 13 July in Singapore by Energy Market Authority (EMA) Chief Executive Puah Kok Keong and Electricity and Gas Market Surveillance Commission (EGC) Secretary General Tatsuya Shinkawa.

The memorandum focuses on cooperation and information sharing between the two countries on electricity and gas market regulation.

Energy Regulators to Exchange Knowledge and Expertise

Under the agreement, the EMA and Japan’s EGC will share knowledge and experiences related to energy market surveillance, regulatory frameworks, and measures to maintain system stability.

The two agencies will work together through activities such as:

• Technical exchanges
• Study visits
• Joint research initiatives
• Regular discussions and dialogues

These efforts aim to support better understanding and cooperation between both regulators as energy markets continue to evolve.

EMA Highlights Need for Updated Energy Regulations

EMA Chief Executive Puah Kok Keong said the partnership is part of the authority’s ongoing efforts to ensure its regulatory approaches remain updated in response to changes in the energy sector.

He added that further discussions between the two regulators will continue during the Regulators@SIEW event at the Singapore International Energy Week in October.

Japan and Singapore Share Common Energy Challenges

EGC Secretary General Tatsuya Shinkawa said Japan and Singapore have similar characteristics in their energy sectors and face common challenges in maintaining reliable energy supplies and efficient electricity markets.

He said the cooperation agreement will help strengthen collaboration, encourage the exchange of experiences, and support consumer protection efforts in both countries.

#Global News #Asia News #Singapore News #Japan News #World Update