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Singapore, Malaysia renew agreement to strengthen energy cooperation

The energy regulators of Singapore and Malaysia renewed a memorandum of understanding (MOU) that will see them further strengthening bilateral cooperation in the sector.First signed in 2020, the Energy Market Authority of Singapore (EMA) and Energy Commission of Malaysia (Suruhanjaya Tenaga — ST) have since held regular bilateral dialogues and technical exchanges.The two regulators said in a joint statement on...

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Singapore, Malaysia renew agreement to strengthen energy cooperation
Singapore, Malaysia renew agreement to strengthen energy cooperation

The energy regulators of Singapore and Malaysia renewed a memorandum of understanding (MOU) that will see them further strengthening bilateral cooperation in the sector.

First signed in 2020, the Energy Market Authority of Singapore (EMA) and Energy Commission of Malaysia (Suruhanjaya Tenaga — ST) have since held regular bilateral dialogues and technical exchanges.

The two regulators said in a joint statement on Monday (Oct 26) that the renewal, as they celebrate their 25th anniversaries this year, marks an important milestone in the two countries' continued commitment to deepen regulatory cooperation.

The signing took place on the sidelines of the four-day 19th Singapore International Energy Week (SIEW), which started on Oct 26.

Under the renewed agreement, the regulators will strengthen cooperation, regulatory exchanges and knowledge sharing.

These will cover planning and reliability of electricity and piped gas systems, regulation of wholesale and retail electricity markets, implementation of cross-border electricity trading projects, Renewable Energy Certificates (RECs), and interconnection capacity.

They will also look to strengthen collaboration on solar and energy storage systems .

In August, EMA granted conditional approval to two companies to import 900 megawatt (MW) of electricity from Johor.

The conditional approvals — for projects supplying power generated from solar and battery energy storage systems in Johor — were given to Sembcorp Utilities and Malaysian company Southern Solar Alliance.

EMA chief executive Puah Kok Keong said the MOU marks another step in the two agencies' longstanding cooperation, adding that they look forward to working more closely on cross-border electricity trade, regional interconnectivity and RECs.

"This can facilitate greater renewable electricity trade, support investments in renewable energy projects, and advance a more interconnected regional power system."

ST chief executive Siti Safinah Salleh pointed out that as energy systems become more complex, close collaboration between regulators is essential to support a secure and reliable electricity supply, while facilitating cross-border electricity trade and enabling a sustainable energy transition.

"ST looks forward to deepening our cooperation with EMA through technical exchanges, knowledge sharing and regulatory collaboration for the mutual benefit of both countries and the region," she added.

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