TAIPEI (TVBS News) — Concerns regarding Taipower's financial status are continuously growing, particularly since implementing the "nuclear-free homeland" policies. The cost of power generation saw a significant increase following the retirement of two nuclear power plants.
It is important to note that Taiwan holds the top position in Asia regarding electricity consumption, surpassing 270 billion kWh per year. This equates to an average consumption of nearly 12,000 kWh per person.
Taipower struggles to balance its finances due to increased electricity prices and decreased fuel costs. According to the Economic Daily News, Taipower's debt ratio stood as high as 91.5% at the end of April.
Currently, Taipower heavily relies on government funding, but it can only shortly alleviate the financial burden.
To bridge the financial gap, Taipower is intensifying the development of green energy. Furthermore, it has proposed the possibility of imposing fees on renewable energy companies through the energy trading platform operated by Taipower.
Experts recommend that the government consider economic factors when adjusting electricity prices. Additionally, it is crucial to establish medium- and long-term plans to transform losses into profits, ensuring the stability of Taipower's operations and the security of the power supply.
