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Taipei mayor urges electricity discount for metro
Taipei Mayor Chiang Wan-an urges the central government to offer an electricity rate discount for Taipei Metro to ease operational costs. Rising electricity prices and increased personnel expenses challenge the metro’s budget, potentially leading to fare hikes.
2024/11/04 11:44
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Kuo: No green energy imports over NT$4 per kWh
Taiwan’s Economic Minister J. W. Kuo announced Taiwan will not buy green energy if it costs more than NT$4 per kilowatt-hour, aligning with European standards.
2024/11/01 17:23
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Taiwan Power Co. plans slight electricity price adjustment
Taiwan Power Co. plans to adjust electricity prices due to rising fuel costs. Industrial rates will increase by up to 14%, while residential rates remain frozen.
2024/11/01 16:07
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Taichung councilors oppose 15% industrial electricity hike
Taichung City councilors criticize a 15% industrial electricity rate hike, warning it burdens small businesses and citizens. The Ministry of Economic Affairs’ decision sparks local concern.
2024/10/28 13:59
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Taiwan Railways to recalculate fares amid power cost rise
Taiwan Railways plans to propose fare hikes due to increased electricity costs, with a decision expected on Oct. 22. Taiwan High Speed Rail also reviews potential impacts.
2024/10/07 11:29
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Medical groups urge subsidies for hospital electricity costs
The Ministry of Health and Welfare in Taiwan proposes including electricity costs in National Health Insurance budget talks. Experts call for amending the Electricity Act to ease hospital costs.
2024/10/02 21:00
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MOEA: minimal CPI impact from rate changes
Taiwan’s Economic Minister Kuo Jyh-huei announced that 96% of electricity consumers will not see a rate increase, with minimal impact on the CPI. Industrial users face a 12.5% hike.
2024/10/01 21:00
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Premier Cho vows to stabilize household electricity rates
Premier Cho Jung-tai emphasized the government’s commitment to stabilizing household electricity rates during a legislative session. Legislators raised concerns about the upcoming electricity rate review.
2024/09/24 15:52
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Taiwan’s CPI rises for fourth month, hitting 2.36% in August
Discover the latest on Taiwan’s economy: August’s Consumer Price Index rose by 2.36%, marking the fourth month of inflation above 2%. Factors include higher rents and dining costs, offset by lower egg and fuel prices. A trend toward stability is expected.
2024/09/06 17:20
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Taipower seeks NT$200B in subsidies amid financial strain
Discover how Taiwan Power Company plans to stabilize its finances with a NT$100 billion subsidy and the potential impact on electricity prices. Learn about the challenges and future considerations in our detailed report.
2024/09/04 21:00
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Taipower may break even in 2024 with NT$100 billion subsidy
Discover how Taiwan Power Company plans to achieve a break-even point in 2023 with a NT$100 billion government subsidy and the potential impact on consumer electricity prices. Learn about the factors influencing the upcoming price review.
2024/08/15 20:00
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Bafang Dumpling announces price hike due to rising costs
Discover how Bafang Dumpling is adjusting its prices due to rising costs and labor shortages, while keeping some favorites unchanged. Learn more about their commitment to quality.
2024/07/09 13:26
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Taiwan education ministry to offset higher power rates
Discover how Taiwan’s Ministry of Education plans to support universities and colleges with electricity costs amid Taipower’s cancellation of price concessions. Learn about sustainable campus initiatives.
2024/06/26 10:15
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Panadol prices to rise by up to 10% in Taiwan from July
Discover how the price of Panadol in Taiwan is set to rise by 8% to 10% in July due to increased electricity costs, as stated by Shen Tsai-ying of the Taiwan General Medical Practitioners Association. Learn about the impact of COVID-19 on demand and alternatives to consider.
2024/06/21 14:27
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AmCham Taiwan calls for stable electricity pricing
Discover the American Chamber of Commerce in Taiwan’s 2024 White Paper urging for stable and transparent electricity pricing to support business growth. Learn about the government’s stance on subsidies and the impact on Taiwan’s energy sector.
2024/06/06 16:17
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Taipower to receive NT$100B subsidy amid financial crisis
The Executive Yuan of Taiwan approves an additional NT$100 billion budget for 2024 to support Taipower in offsetting electricity costs, addressing the company’s financial challenges and the impact of global events on fuel prices. The proposal, aimed at reducing Taipower’s projected deficit, now awaits Legislative Yuan review.
2024/05/03 17:30
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Price hike essential for stable power supply: MOEA
Taiwan’s economic minister emphasized the necessity of a power price hike to address rising international fuel costs, but the Legislative Yuan voted to halt the hike due to public opposition. The decision raises concerns about Taipower’s financial stability and power supply.
2024/05/01 17:11
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Taiwan’s legislature votes to halt electricity price hike
Discover how Taiwan’s Legislative Yuan voted to halt a planned electricity price hike, a decision driven by public concern over rising living costs and the complexities of energy policy.
2024/04/30 15:49
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Taiwan’s Central Bank updates inflation forecasts for 2024
Taiwan’s Consumer Price Index indicates a continued slowdown in inflation with a slight rise in March. The Central Bank revises its inflation forecasts as electricity and living costs surge. The public’s economic outlook remains cautiously optimistic.
2024/04/26 13:24
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DPP skips KMT-led talks on halting electricity price hike
Discover the ongoing political debate in Taipei as the DPP abstains from KMT-initiated talks on freezing electricity prices amid rising costs due to the Russo-Ukrainian War, highlighting the clash over addressing structural unfairness in charges.
2024/04/24 18:01
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Food vendors absorb electricity costs, fearing price hikes
Lukang Old Street Business District chairperson Huang Shih-chieh expresses concern over rising electricity costs and their impact on food vendors, who may absorb cost increases to avoid raising prices due to declining consumer purchasing power, potentially leading to a vicious inflation cycle.
2024/04/15 17:25
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Taipower struggles with losses amid calls for reform
National Audit Office Auditor-General Chen Jui-min calls on Taiwan Power Co. (Taipower) to enhance management and boost revenue amid consecutive losses. Chen emphasizes the need for electricity price adjustments and debt interest reduction. Kuomintang Legislator Lin Ssu-ming questions Taipower’s deficits and government subsidies, urging a review of energy policy. Chen confirms NT$100 billion subsidy and stresses the importance of green energy for profit sustainability.
2024/04/02 18:13
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Price surge alert: from electricity bills to zoo tickets
Stay informed about the latest developments in Taiwan as electricity prices, lunch box prices, Taipei Zoo admission tickets, and license taxes are set to increase starting April 1. Make sure to plan ahead for these changes to your monthly expenses.
2024/04/01 17:56
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Taiwan’s political parties clash over power costs
DPP Legislator Rosalia Wu questions Legislative Yuan’s responsibility in case of Taipower collapse, prioritizing people’s livelihoods. KMT and TPP propose freezing electricity price hikes amidst Ministry of Economic Affairs’ decision to increase prices by 11% on April 1. DPP counters with cross-party negotiation pullback to address unreasonable proposals.
2024/03/29 12:13
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Electricity price hike to drive up costs: business heads
Discover how Fubon Financial Holding Chair Daniel Tsai predicts a rise in commodity prices following an electricity price increase in Taiwan. Gain insights from industry leaders like Tung Tzu-hsien of Pegatron Corp on the impact of electricity costs on manufacturing and services sectors, and the necessity of reducing government subsidies. Stay informed on economic growth projections and the interplay between electricity prices and overall market dynamics.
2024/03/28 17:59