Janet Ang on Energy (Resilience Measures and Miscellaneous Amendments) Bill

To ensure energy resilience, there has to be some degree of "reregulation" even though the proposed changes under the Energy (Resilience Measures and Miscellaneous Amendments) Bill might be viewed as a "step back" in an otherwise deregulated market, said NMP Janet Ang. Speaking in Parliament on Tuesday (Nov 2), she said recent global developments have shown that Singapore cannot leave it to the market to find its own equilibrium for a strategic resource like electricity. She said the Bill is timely for the authorities to take proactive steps to ensure energy security. She wanted to know how households and businesses will be impacted and how the investments of existing players in the market will be protected. She also asked how the Government plans to ensure fair play and continue to attract investments in research and innovation.