About

The energy transition is a one-way race against time — and APAC is the front line.

Independent review on renewables economics, storage economics, grid bottlenecks, and power market policies across APAC

01 — The journey

The journey

I started my career in management consulting, where the work was sharp and varied but rarely rooted in anything I'd call a cause. Then I stumbled into the power and utilities space — and something shifted. The more I learned about how electricity is generated, priced, and moved across a grid, the more I saw a system in the middle of the most important change of our lifetimes.

Along the way, the evidence settled something for me: climate change is real, and the carbon budget we have left is finite. Energy is at the heart of it — the way we power the world is the single largest source of emissions, which means it's also the largest opportunity. That was the realization that gave my career a purpose: to contribute to the energy transition, where the stakes are highest and the work matters most.

To go deeper, I joined Aurora Energy Research, immersing myself in the power markets, grids, and modelling that turn good intentions into workable systems. It's where conviction met rigor.

Now I want to use what I've learned for something larger — to raise awareness of climate change and the energy transition at the very moment the world is racing to embrace AI. Both are reshaping how we use power. My aim is to make sure the long game — a livable planet — doesn't get lost in the rush for short-term gains.

Why the energy transition

Coal is the lever. The trilemma is the catch.

The way we power the world is the single largest source of carbon emissions — and coal sits at the heart of it. Burning coal alone accounts for roughly 40% of global energy-related CO₂ emissions every year, more than any other fuel. If there's one lever that matters most for the climate, this is it.

But phasing out coal isn't as simple as closing a plant. Every coal unit that comes offline was doing a job — keeping the grid stable, keeping power affordable, keeping the lights on through the night and through demand peaks. Pull it out without a plan, and something has to fill that gap. This is the energy trilemma that policymakers and system operators wrestle with every day: balancing affordability, reliability, and sustainability, knowing that pushing hard on one can strain the other two.

So the energy transition was never just "build more renewables." Solar and wind are cheap and getting cheaper, but they're intermittent — the sun sets, the wind drops, and demand doesn't wait. The real challenge is engineering a system that keeps the lights on using clean sources, around the clock, while staying affordable enough that an ordinary household can live an ordinary life without paying a painful premium for it.

That's the problem I find genuinely worth working on. It sits at the intersection of physics, economics, and policy, and there are no easy answers — only trade-offs to be understood and navigated. Getting it right is how we cut emissions without asking people to choose between a livable planet and an affordable life. Getting it wrong stalls the transition or breaks public support for it. Both outcomes are too costly to leave to chance.

02 — What I cover

What I cover

Independent review on renewables economics, storage economics, grid bottlenecks, and power market policies across APAC

  • Wholesale power market design

    How wholesale rules set prices, dispatch, and who gets paid.

  • Retail power market design

    How competition and tariffs carry the wholesale price to customers.

  • Regulation

    The policy and rules that shape every decision above this line.

  • Renewables economics

    Folding variable wind and solar into a system built for baseload.

  • Storage economics

    Battery revenue stacks and where they actually pay across the day.

  • Ancillary services

    The fast products that keep frequency and voltage in check.

  • Economic curtailment

    Cutting renewable output when supply outstrips demand and prices drop too low.

  • Transmission grid curtailment

    Where the grid's limits decide what generation can actually run.

  • Capacity markets

    Paying for firm capacity so the system can still meet peak demand.

03 — Markets I cover

Markets I cover

Across APAC, from established power markets to the ones reshaping fastest.

  • Philippines

    PH · Focus

  • South Korea

    KR · Focus

  • Singapore

    SG · Focus

  • Malaysia

    MY · Focus

  • Australia

    AU

  • Japan

    JP

  • Vietnam

    VN

  • Thailand

    TH

  • India

    IN

  • China

    CN

04 — Affiliation

Affiliation

Patrick Tan is Head of Wider Asia, APAC at Aurora Energy Research. All views expressed on this site are his own and do not represent the views of Aurora Energy Research or its clients.

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