ASEAN looks to strengthen power exchanges, trade

Published onOctober 22, 2020

For the past two decades, the Association of Southeast Asian Nations (ASEAN) has achieved remarkable progress in the energy sector in terms of the acceleration of rural electrification access, rapid provision of large-scale national grid systems, successful mobilisation of indigenous resources, gradual adoption of new technologies and sharing of renewables into the energy mix. This was said by Han Phoumin, Senior Energy Economist at the Economic Research Institute for ASEAN and East Asia (ERIA). He said the region is also beginning to see cross-country electricity entry trade bilaterally and power exchanges that will promote the future market of multilateral trade. However, he added, the future energy landscape of ASEAN will rely on today’s actions, policies and investment to change the current dominant fossil fuel-based system towards a cleaner energy system. “The world is focussed on containing the spread of COVID-19,” he said. “Policy measures will have mixed outcomes as to when it is appropriate to re-open the economy, either partially or fully, to reduce the economic impact as well as bring back jobs and strong markets.”