APSR issues risk management rules for utilities

MUSCAT: The Authority for Public Services Regulation (APSR) has issued two new regulations aimed at strengthening risk management and business continuity across the electricity, water and wastewater sectors in the Sultanate of Oman.
The regulations require licensed companies to adopt structured risk management frameworks to ensure the uninterrupted delivery of essential services under a range of circumstances, including emergencies, natural disasters, cyber threats and operational disruptions.
Under the new rules, licensees must establish comprehensive risk management and business continuity systems within six months of the regulations coming into effect. Companies are also required to prepare detailed risk mitigation plans, regularly test and update these plans; and submit annual reports to the Authority outlining risk assessments, exercise outcomes and improvements made.
The regulations place strong emphasis on governance and compliance. Licensed operators must allocate adequate technical and administrative resources for risk management, cooperate fully with regulatory audits and ensure strict adherence to the prescribed standards.
Administrative penalties of up to RO 500,000 may be imposed for violations, with fines doubled in the case of repeat offences.
According to APSR, the regulations are designed to enhance the resilience and preparedness of the electricity, water and wastewater sectors, ensuring that critical services continue even during exceptional circumstances.
They also aim to promote transparency and accountability through periodic reporting and ongoing regulatory oversight, while encouraging licensed operators to adopt internationally recognised best practices in risk management and operational continuity.
The move supports national development priorities by safeguarding vital infrastructure and strengthening the sustainability of essential public services. — ONA