HANOI, Vietnam -- The urgency for Southeast Asian nations to switch to clean energy to combat climate change is reinvigorating a 20-year-old plan for the region to share power.
Experts describe imports by Singapore of hydroelectric-generated power from Laos via transmissions through Thailand and Malaysia as a “pathfinder” project, marking the first time that four countries in the region have agreed to trade electricity. Regional grids can help bridge gaps between where power is needed and where it can be generated, helping countries adjust to outside shocks like big jumps in oil prices. They also can help cut costs: In 2021, for instance, Europe saved $36 billion by trading power, European regulators have estimated.
The region's lack of a regulatory framework for such things as installing submarine power cables is another stumbling block.
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