Economies with a desire to fully deploy smart grid technologies need to make better use of international standards and not create unnecessary technical barriers to trade, said experts.

At an APEC workshop on regulatory approaches to smart grid investment and deployment, regulators from the region sought to better coordinate across their agencies to facilitate the trade and investment of smart grid technology. The event took place alongside the 5th World Forum on Energy Regulation in Quebec City, Canada.

APEC recognizes smart grid deployment as a means to address climate change, improve energy efficiency and promote green growth. Chair of the Korean Electricity Regulatory Commission, Professor Ja-Yoon Koo, said that smart grids are key to enabling the greater use and integration of renewable energy sources in businesses and homes.

“For smart grids to truly take off, we have to consider developing and adopting common interoperability standards across the APEC region,” Prof. Koo told participants at the workshop.

“Adhering to such standards can significantly contribute to the trade and investment in smart grid technologies,” he added. “This will in turn create new business opportunities and greatly benefit consumers, as well as the environment.”

via Good regulatory practices for better smart grid deployment – Asia-Pacific Economic Cooperation.

About the author

Leave a Reply

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

What happened at one of Thailand’s most-anticipated tech conferences?

Carrying on the same theme from last year and featuring many keynote industry speakers, exhibitions, and a hands-on lab, the event delves into how digital technologies can unlock new potentials, markets, and business models while also supporting post-pandemic economic recovery in Thailand and the Asia Pacific region.

Thailand touts ‘innovation hub’ aim

The move is also part of its plan to raise Thailand’s position in the Global Innovation Index from 43rd in 2021 and ensure Bangkok appears in the top 50 best cities for startups as the capital was ranked in 71st place in the Global Startup Ecosystem Index 2021. 

Online shopping cyber complaints jump 50% in 2021

Over 48,500 cyber complaints have been filed with the Ministry of Digital Economy and Society over the past 11 months, with some 33,000 of these complaints related to online shopping, up 50% from the same period in 2020.