Kuala lumpur: The Energy Commission (ST) is undertaking a comprehensive review of various legal and regulatory frameworks to promote stability and sustainable growth within the energy sector. This initiative includes the examination of mechanisms for electricity cross-border trading, which is crucial for the import and export of electricity.

According to BERNAMA News Agency, the chief executive officer of the Energy Commission, Siti Safinah Salleh, stated that the commission is diligently assessing existing policies while formulating new frameworks. The aim is to ensure that the energy sector remains in line with future demands and requirements.

The review encompasses incentive-based regulation mechanisms for Regulatory Period 5 (RP5 2028-2030), slated to commence in 2028, alongside mechanisms for electricity cross-border trading. Siti Safinah highlighted these efforts at the ST Annual Regulatory Review (STARR) 2026, emphasizing the importance of aligning the sector with future needs and policies.

Additionally, the commission is focusing on enhancing open grid access through initiatives like the Corporate Renewable Energy Supply Scheme (CRESS) and the Community Renewable Energy Aggregation Mechanism (CREAM). The review also addresses public electricity distribution, electricity supply acts, and revisions to enforcement provisions and technical standards for quality and safety.

In a statement, ST emphasized its commitment to practical regulatory implementation, strengthening frameworks, standards, and market arrangements to maintain sector stability and encourage sustainable growth. This includes enforcing the Energy Efficiency and Conservation Act (EECA) 2024, refining tariff mechanisms, and expanding regulatory frameworks to support greater renewable energy development.

The review is grounded in six key regulatory pillars: safety and enforcement; system reliability and energy security; fair and transparent tariffs; energy efficiency and sustainability; energy transition and market development; and governance, stakeholder engagement, and institutional strengthening. These pillars have facilitated notable progress in the sector, such as improved safety outcomes and enhanced regulatory compliance.