Singapore and Japan have reinforced bilateral cooperation in energy market regulation through the signing of 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 new framework establishes a platform for both regulatory authorities to work more closely while expanding the exchange of information and expertise relating to the oversight of electricity and gas markets. Through this partnership, the two regulators will share technical knowledge and industry best practices covering energy market monitoring, regulatory frameworks, and power system reliability. The collaboration is intended to strengthen energy market regulation by enabling both agencies to respond more effectively to developments across the global energy sector.
The Memorandum of Cooperation also provides for a series of collaborative initiatives, including regular dialogues, technical exchanges, study visits, and the exploration of opportunities for joint research. These activities are designed to enhance regulatory capabilities while promoting continuous learning and cooperation 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.
Shared Priorities for Market Oversight
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 underscores the shared commitment of Singapore and Japan to advancing energy market regulation as energy systems continue to evolve. By working together and exchanging expertise on common regulatory challenges, both countries intend to reinforce more resilient energy markets, improve regulatory effectiveness, and strengthen consumer protection while supporting the long-term reliability and sustainability of their power sectors.
