Yeo Bee Yin: Government reactivating MyPower to reform electricity industry

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KUALA LUMPUR (Sept 18): The government is reactivating the Malaysia Programme Office for Power Electricity Reform (MyPower) agency for at least three years to reform Malaysia's electricity industry.

Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said today that under the Malaysia Energy Supply Industry (MESI) 2.0 (MESI 2.0) programme, MyPower will focus on three objectives. Yeo said MyPower aims to increase industry efficiency, future-proof industry structure, regulations and key processes, as well as empower consumers.

“Government is not running the business but let the business run the business, because this is an agency that will be closed after three years. The agency will have 36 months of mandate to drive and implement (the initiative).

“If you don’t put the time frame, the reform won’t finish until 20 years. Three years to finish everything and we can see something tangible coming out after three years of reform,” Yeo said at a press conference here, after officiating at the Conference of Electric Power Supply Industry (CEPSI) 2018 today.

MyPower will be run by between 12 to 20 people, she added. 

“They must help the industry and market structure operationally to be more efficient, because the whole idea for the electricity industry after the reform is to be green, efficient, market-based, competitive and eventually sustainable,” she said.