Singapore and Japan have taken a significant step toward strengthening cooperation in energy market regulation by signing a Memorandum of Cooperation (MOC). The agreement was signed in Singapore by Puah Kok Keong, Chief Executive of Singapore’s Energy Market Authority (EMA), and Tatsuya Shinkawa, Secretary General of Japan’s Electricity and Gas Market Surveillance Commission (EGC).
The partnership is designed to promote closer collaboration and information sharing on the regulation of electricity and gas markets. Under the agreement, both countries will exchange technical knowledge and best practices related to energy market monitoring, regulatory frameworks, and power system reliability. The cooperation aims to help both regulators respond more effectively to changes in the global energy sector.
As part of the agreement, the two agencies will conduct regular dialogues, technical exchanges, study visits, and explore opportunities for joint research. These activities are expected to strengthen regulatory capabilities and encourage continuous learning between the two organizations.
Puah Kok Keong said that the global energy landscape is evolving rapidly, making it essential for regulators to keep their policies and practices up to date. He noted that collaboration with Japan would support Singapore in maintaining a well-functioning energy market while ensuring a reliable electricity supply. He also confirmed that further discussions between the two sides would take place during an upcoming regulatory event at the Singapore International Energy Week.
Tatsuya Shinkawa highlighted that Singapore and Japan have many similarities in their energy sectors. Both countries face common challenges in securing stable energy supplies while ensuring that electricity markets remain fair, competitive, and efficient. He said the Memorandum of Cooperation would create valuable opportunities for both regulators to learn from each other’s experiences and improve market oversight.
The agreement reflects the commitment of Singapore and Japan to strengthening regulatory cooperation as energy systems continue to evolve. By sharing expertise and working together on common challenges, both countries aim to build more resilient energy markets, improve regulatory effectiveness, and enhance consumer protection while supporting the long-term reliability and sustainability of their power sectors.
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