‘Disruptive tech the way to go’
KUALA LUMPUR: Policy-makers have been urged to re-examine their regulatory framework to make way for more disruptions in the energy industry towards ensuring economic viability, energy security and conservation of the environment.
“The advancement in key energy technologies will require policymakers in our respective jurisdiction to take a deeper look at the role of their regulatory framework in adapting to disruptions in the energy industry,” Tenaga Nasional Bhd (TNB) chairman Tan Sri Leo Moggie said in his welcoming address to about 2,000 attendees at the Conference of the Electric Power Supply Industry (CEPSI) 2018 yesterday.
Leo said technological development had transformed the industry landscape from mostly mechanical systems into data-centric, digital and cyberphysical systems.
“Even the traditional vertically integrated power utilities are now learning the use and effects of these emerging technologically-driven horizontal forces. We see the megatrends and disruptive technologies bring many new and exciting opportunities.
“However, technology also creates new participants that can accelerate and change the industry landscape in meeting new expectations of customers for better services at competitive rates. As such, the industry needs to embrace technologies and breakthrough ideas.
“The advancement in key energy technologies will require policy makers in our respective jurisdiction to re-examine the role of their respective regulatory framework. Taken together, the use of new technology and appropriate regulatory framework are tools to achieve the goals of energy sustainability.”
The three-day CEPSI 2018, themed “Reimagining the Utility of the Future”, is held for the first time in Malaysia after 22 years. It ends tomorrow.