ASEE–ASEAN Smart Energy & Energy Storage Expo
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The ASEAN Power Grid initiative (APG) is a massive plan envisioned to foster regional energy trade. It aims to enhance energy security through cross-border power grid connections, although challenges persist due to differing readiness levels among states and limited market liberalisation.
Most ASEAN countries still rely on vertically integrated, state-owned utilities controlling generation, transmission, and distribution. This restricts competition, hinders private investment, and complicates renewable energy integration and regional power trade.
Electricity market liberalisation is a key enabler of ASEAN's energy transition, yet progress across the region remains uneven. Only Singapore and the Philippines have implemented a competitive market structure (Singapore with full wholesale and retail competition, and the Philippines with wholesale and partial retail competition).
Five ASEAN countries rely on coal for more than 40% of their power production. All countries combined, 44% of the electricity produced comes from coal in the region, with electricity-related CO₂ emissions rising 60% since 2015. Figure 1: CO2 intensity of electricity generation - 2023 Source: Enerdata - Global Energy & CO 2 data, Power Plant Tracker
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