Singapore, Japan tighten grip on energy market rules

Regulators will share surveillance practices, technical expertise, and policy research.

Singapore and Japan have agreed to deepen cooperation on the regulation of electricity and gas markets after the Energy Market Authority (EMA) and Japan's Electricity and Gas Market Surveillance Commission (EGC) signed a memorandum of cooperation.

Signed on 13 July in Singapore by EMA chief executive Puah Kok Keong and EGC secretary general Tatsuya Shinkawa, the agreement covers cooperation and information exchange on gas and electricity markets.

The EMA said the agencies will exchange knowledge on energy market surveillance, regulatory design, and system stability measures.

Planned activities include technical exchanges, study visits, joint research, and regular dialogues.

Puah said the cooperation forms part of the EMA's efforts to keep its regulatory practices up to date as the energy landscape evolves.

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

Shinkawa said Japan and Singapore share similar characteristics in their energy sectors and face common challenges in ensuring reliable energy supply and well-functioning electricity markets.

He said the agreement would strengthen cooperation, facilitate experience sharing and support consumer protection in both countries.