The Energy Market Authority (EMA) of Singapore and the Gas and Electricity
Markets Authority (GEMA) of the United Kingdom signed a Joint Statement of Intent
to Cooperate, which seeks to strengthen bilateral cooperation between the two
regulators. The Joint Statement of Intent falls within the framework of the SingaporeUnited Kingdom Partnership for the Future.
2. The GEMA is the governing board of the Office of Gas and Electricity Markets
(Ofgem). In November 2019, EMA and Ofgem held their first bilateral dialogue in
London, where both regulators welcomed opportunities for closer collaboration on gas
and electricity market regulation and design. The dialogue also highlighted the
importance of emerging technologies in enhancing energy resilience and security.
3. EMA and Ofgem will hold their second bilateral dialogue virtually in the first
quarter of 2021. This will focus on energy market regulation and the deployment of
clean energy technologies, such as hydrogen and carbon capture, utilisation and
storage (CCUS).
4. Mr Richard Lim, EMA Chairman, welcomed the Joint Statement of Intent to
Cooperate as a significant milestone in EMA’s bilateral cooperation with Ofgem. He
said: “Energy regulators play an important role in ensuring the stability and resilience
of our power systems while facilitating energy transformation. Both agencies will
benefit from closer collaboration and sharing of best practices in regulating our
electricity and gas markets.”
5. GEMA Chair Professor Martin Cave, said: “Ofgem is very pleased to formalise
our cooperation with the EMA through this Joint Statement. We continue to have
mutually beneficial dialogues on how regulators and the regulatory framework can
best enable decarbonisation.”
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About the Energy Market Authority
The Energy Market Authority (EMA) is a statutory board under the Ministry of Trade
and Industry. Our main goals are to ensure a reliable and secure energy supply,
promote effective competition in the energy market and develop a dynamic energy
sector in Singapore. Through our work, EMA seeks to forge a progressive energy
landscape for sustained growth.
Website: www.ema.gov.sg | Follow us: Instagram: @EMA_Singapore | Facebook:
facebook.com/EnergyMarketAuthority | Twitter: @EMA_sg
About the Gas and Electricity Markets Authority
The Gas and Electricity Markets Authority is the governing body of the Office for Gas
and Electricity Markets (Ofgem). GEMA’s powers and duties are largely provided for
in statute. Ofgem is Britain’s independent energy regulator and a non-ministerial
government department. Our role is to protect consumers now and in the future by
working to deliver a greener, fairer energy system.
Website: www.ofgem.gov.uk
For media enquiries, please contact:
Ms Tang Ying Chun
Manager, Corporate Communications
Energy Market Authority
Tel: +65 6376 7510
Email: tang_ying_chun@ema.gov.sg
Aidan Stringfellow
Senior Manager, Investor Relations
Ofgem
Tel: +44 (0) 20 7901 3085
Email: aidan.stringfellow@ofgem.gov.uk
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