Top regional government officials gathered at SIEW Energy Insights to discuss the need for regulators to prepare our energy systems for future disruptions. By Tan Choon Kiat.
The Energy Market Authority (EMA) of Singapore and the Energy Commission (Suruhanjaya Tenaga - ST) of Malaysia signed a MOU today to strengthen bilateral cooperation in the energy sector. The MOU provides a framework for EMA and ST to enhance knowledge sharing and technical cooperation in the planning and reliability of gas and electricity systems, regulation of wholesale and retail electricity markets; and cooperation at multilateral meetings.
EMA also signed an MOU with the Electrical and Mechanical Services Department (EMSD) of Hong Kong, China to enhance cooperation towards greater energy security and resilience.
Mr Ngiam Shih Chun, Chief Executive, EMA; Abdul Razib bin Dawood, Chief Executive Officer, Energy Commission, Malaysia and Eric Pang, Director, Electrical and Mechanical Services Department, Hong Kong SAR later participated in a panel discussion at SIEW Energy Insights to share their views on the regulatory challenges facing energy systems.
The discussion touched on how the global pandemic has highlighted the critical need for energy regulators to prepare our energy systems for future disruptions.
The panel touched on how we can better prepare ourselves to address similar disruptions in the future. This included maintaining operational readiness of electricity and gas licensees, ensuring availability of manpower for critical operations, and providing targeted financial support to utilities and consumers.
The panel concluded with the call for continued efforts to innovate and strengthen our energy resilience by ‘Rethinking, Retooling and Reinventing’.
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