Valerie Lee on Energy Conservation (Amendment) Bill
The Energy Conservation (Amendment) Bill is a necessary step to impose energy efficiency requirements on regulated goods imported by end users. However, the transition will not be costless, so the short-term impact on businesses as well as potential pass-through of costs to consumers must be managed, said MP Valerie Lee in parliament on Tuesday (Apr 7). She praised the flexibility provided to authorities to impose or modify conditions in a fast-moving technological landscape, but noted that businesses will need assurances of some predictability and clarity to plan investments.
The Energy Conservation (Amendment) Bill is a necessary step to impose energy efficiency requirements on regulated goods imported by end users. However, the transition will not be costless, so the short-term impact on businesses as well as potential pass-through of costs to consumers must be managed, said MP Valerie Lee in parliament on Tuesday (Apr 7). She praised the flexibility provided to authorities to impose or modify conditions in a fast-moving technological landscape, but noted that businesses will need assurances of some predictability and clarity to plan investments.
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