Singapore and United Kingdom to Enhance Energy Cooperation

4-6-1

On 28 October, 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.

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. 

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).

Mr Richard Lim, EMA Chairman, welcomed the Joint Statement of Intent to Cooperate as a significant milestone in EMA’s bilateral cooperation with Ofgem.

4-6-2

“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,” Mr Lim said.

GEMA Chair Professor Martin Cave added: “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.”

Follow us on Twitter (@SIEW_sg) to get the latest #SIEW2020 updates throughout the day!

 
         

SIEW 2020 Sponsors

sembcorp

SIEW Thinktank Roundtables Sponsor

spgroup

SIEW Smart Energy Sponsor

pavillion

Singapore Energy Summit Panel Sponsor

jera

SIEW Registration and Lanyard Sponsor

sarawak.logo

Singapore Energy Summit Special Session Sponsor

shell

Singapore Energy Summit Panel Sponsor

daigas

SIEW VIP Meeting Sponsor

siemens

SIEW Virtual Platform Sponsor

edf

Singapore Energy Summit Special Session Sponsor

astar

SIEW Partner (R&D)

accenture

SIEW Content Partner

engie

SIEW Energy Insights partner

mitsubishi

SIEW On-demand Sponsor

SLNG

SIEW Sponsor

senoko

SIEW Sponsor

tuas

SIEW Sponsor

sbc

SIEW Energy Showcase Sponsor

bmw

SIEW Official Car Sponsor

Hidden Heading

Held in

Singapore logo

Organised by

ob--ema