How will the EMA and EGC share information on gas and electricity markets?

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EMA and EGC to Enhance Information Sharing on Energy Markets

Singapore’s Energy Market Authority (EMA) and Japan’s Electricity and Gas Market Surveillance Commission (EGC) have entered into a memorandum of cooperation (MoC) to foster enhanced collaboration and information exchange concerning their respective gas and electricity markets. This partnership is designed to facilitate a deeper understanding and sharing of best practices in energy market surveillance, regulatory frameworks, and measures to ensure system stability.
Promoting Cooperation and Information Exchange

The core objective of the MoC, signed on Monday, is to establish a framework for ongoing cooperation and the active exchange of information between the EMA and EGC. This initiative specifically targets the gas and electricity sectors, aiming to build a more robust and resilient energy market landscape for both nations. The agreement underscores a mutual commitment to transparency and shared learning in a dynamic global energy environment.
Knowledge Exchange on Market Surveillance and Regulation

Beyond general market information, the partnership will enable significant knowledge exchange on critical operational aspects. This includes sharing insights into various approaches to energy market surveillance, the design of effective regulations, and proven strategies for maintaining system stability. Such exchanges are vital for adapting regulatory practices to the evolving energy sector.
Ensuring a Well-Functioning Energy Market and Reliable Supply

Both the EMA and EGC view this collaboration as integral to their efforts in ensuring well-functioning energy markets and a reliable power supply for their citizens. EMA chief executive Puah Kok Keong highlighted that keeping regulatory practices current is essential, especially in the face of a rapidly changing energy landscape. This joint effort will allow both entities to address challenges collectively and implement forward-looking strategies.

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How will the EMA and EGC share information on gas and electricity markets?

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