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A total of 20 responses were received. EMA has carefully considered the feedback received, and has incorporated them where appropriate in this determination paper.
The consultation has closed for comments.
EMA currently reviews its regulations on a case-by-case basis to accommodate experimentation of new technologies and business solutions. To formalise the approach, EMA is considering the implementation of a Regulatory Sandbox (the“Sandbox”) to allow the industry to test new products and services in a safe and conducive space. While the Sandbox cannot remove all risks, as failure is an inherent characteristic of innovation, the environment can provide the necessary safeguards to contain the consequences of failure on consumers and the energy market. At the same time, the Sandbox can provide an avenue for EMA to review its regulatory frameworks and to provide appropriate regulatory support to firms.
In this consultation paper, EMA seeks views on the Sandbox guidelines (the “Guidelines”), which cover the following areas: (i) the proposed process for applying, evaluating and conducting the Sandbox; (ii) the proposed criteria for approving projects under the Sandbox; and (iii) the proposed changes to existing regulations and rules to address current regulatory barriers to innovation. EMA invites interested parties to submit their views and comments on the proposed guidelines.
EMA wishes to seek the views of the public and the industry on the questions listed in section 10 of this consultation paper.
All inputs should reach EMA by 27 Jul 2017. Electronic submission of views and comments is encouraged. Please email to ema_corp_planning@ema.gov.sg. Alternatively, you may wish to submit your views and comments by post/fax to:
Attn: Mr Andrew Seah
Policy & Planning Department, Energy Market Authority
991G Alexandra Road, #02-29
Singapore 119975
Fax: (65) 6835 8020
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