The Ministry of Trade and Industry (MTI) introduced the Energy Transition Measures and Other Amendments Bill (“the Bill”) for First Reading in Parliament today. The Bill will amend the Energy Market Authority of Singapore Act (“EMA Act”), Electricity Act, and Gas Act to:

(i) Introduce guardrails for our electricity market;

(ii) Strengthen EMA’s ability to regulate the power sector; and

(iii) Establish the Future Energy Fund.

Please click here for the full press release.

MINISTRY OF TRADE AND INDUSTRY
ENERGY MARKET AUTHORITY OF SINGAPORE

6 AUGUST 2024