November 29, 2018
On November 28 (Wed.) and 29 (Thu.), the Electricity and Gas Market Surveillance Commission (EGC) of the Ministry of Economy, Trade and Industry (METI) organized the Asia Pacific Energy Regulatory Forum Meeting 2018 (APER Forum Meeting 2018) in Tokyo. The meeting brought together representatives from energy regulatory agencies and other organizations in the Asia Pacific region. The participants held discussions on: 1) The future of electricity network with disruptive technologies; 2) Competitive and investable energy market; and 3) Issues for market surveillance and regulation.
1. Meeting Date
November 28 (Wed.) and 29 (Thur.), 2018
Foyer Kazanami, Annex 2nd floor, Conrad Tokyo
1-9-1 Higashi-Shinbashi, Minato-ku, Tokyo, Japan 105-7337
3. Participating CountriesAustralia, Cambodia, China, India, New Zealand, Papua New Guinea, Philippines, the Republic of Korea (ROK), Samoa, Singapore, Thailand and the United States
4. Outline of the APER Forum Meetings
APER Forum was launched in 2012 to convene energy regulatory agencies in the Asia Pacific region. Since its inauguration, APER Forum Meetings have been held once every two years to provide opportunities for exchanging views on ideal approaches to energy regulations and policies aiming at further development of the energy industry and market. At the APER Forum Meeting 2016 in the ROK, Japan was appointed the chair of next forum meeting. In response to the appointment, EGC organized the APER Forum Meeting 2018.
Chair persons and other officials of energy regulatory agencies of the participating countries participated in the meeting, and delivered presentations on the energy market outlook of their respective counties. In addition, in order to enrich discussions on challenges faced by the member countries, such as approaches to electricity networks for increasing penetration of renewable energy into the society, participants held discussions on: 1) The future of electricity network with disruptive technologies; 2) Competitive and investable energy market; and 3) Issues for market surveillance and regulation.
5. Summary results of the discussions at the APER Forum Meeting 2018
At the first session, an electricity network with disruptive technologies was discussed. Participants deepened the discussions on the issues concerning the ideal approach to the market design that increases penetration of technologies which contribute to reducing energy cost and greenhouse gas emissions, and systemic challenges including market prices and network operations. In addition, participants shared information on member countries’ support measures for industry related to rechargeable batteries, and discussed coordination of such measures and regulations.
At the second session, a competitive and investable energy market was discussed. Each participating country has passed through a similar transition to liberalization of the electricity retail market, i.e. from a vertically integrated system, to approval participation of independent power producers into power generation market and to liberalizing the market. In light of this background and the differences in stages of liberalization, participants held discussions on ideal institutional design of the energy market. In particular, participants proactively discussed an issue concerning start meters, which will be a critical element to advancement of liberalization of electricity retail markets, in terms of the method of dissemination of smart meters and access to their data. Participants shared the recognition that data access will be a major challenge to be addressed in the future.
At the third session, issues for market surveillance and regulation were discussed. Participants deepened discussions on market power mitigation and monitoring of market manipulations from a viewpoint of the importance of promoting competition and enhancing reliability in the electricity market. Especially, participants confirmed the importance of data collection and analytical capacity of the collected data. In light of the discussion results, participants agreed that this forum will play an ever more important role in electricity market surveillance and regulation. As the authorities and methods concerning enforcement of regulations vary between countries, participants shared the recognition of the importance to improve their enforcement through continuous discussions under the framework of this forum.
Division in Charge
Policy Planning and Coordination Division, Electricity and Gas Market Surveillance Commission