electricity price hikes 結果共16筆

Taiwan’s Executive Yuan addresses concerns over potential electricity price hikes after a budget cut for Taiwan Power. The Electricity Price Review Committee will meet in March to discuss possible rate changes.

Minister J.W. Kuo addresses concerns over potential electricity rate hikes in Taiwan, urging Taipower to avoid price increases despite financial challenges and budget cuts.

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.

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.

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.

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.

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.

Central Bank Governor Yang Chin-long discusses Taiwan’s mild inflation rate amidst potential electricity price hikes and the Legislative Yuan’s move to require approval for such adjustments. The KMT calls for more public oversight in price changes.

Taichung Mayor Lu Shiow-yen addresses the impact of rising electricity prices on the city’s annual costs, emphasizing the need to safeguard public transportation and essential services from the effects of the 11% price hike set to take effect in April. The Taichung Metro company plans to mitigate the anticipated 14% increase through cost-saving and energy-efficient measures.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, addresses concerns over potential water and electricity price hikes. Wang assures no immediate plans for water price increases and remains cautious on addressing the issue. Legislators advocate against compounding effects of electricity rate hikes and warn of potential inflation spikes. Discussions continue on balancing household electricity costs and industry consumption subsidies.

Minister of Economic Affairs Wang Mei-hua discusses electricity rate adjustments in Taiwan, emphasizing the impact on household usage below 330 kilowatt hours. Kuomintang Legislator Yang Chiung-ying opposes price hikes, proposing solutions to address citizen hardships amid inflation. Wang highlights considerations for nuclear power and renewable energy costs, amidst concerns over safety regulations and nuclear waste. Yang challenges Taipower’s deficits and criticizes passing on costs to residents through price increases.

Taiwan Power Co. (Taipower) faces a potential financial crisis by year-end without government aid or electricity price hikes, warned Minister of Economic Affairs Wang Mei-hua. An upcoming electricity price review may see rates for ultra-high-voltage users surge by over 10%. Wang emphasizes the need for discussion in the committee meeting and assures efforts to minimize impacts on the public. Taipower’s efficient management has helped curb price spikes and inflation, with plans in place for financial support and program development. Current electricity costs for major consumers stand at around NT$1.63, while Taipower’s generation cost, pre-tax, is NT$3.93, expected to surpass NT$4 post-tax.

Taiwan Premier Chen Chien-jen emphasizes Taipower’s role in stabilizing commodity prices amid global challenges, promising transparency in future electricity rate adjustments. The upcoming electricity price review committee may lead to inclusive price hikes, citing the impact of the Russia-Ukraine conflict on raw material costs. Chen underscores Taipower’s efforts to control expenses and enhance efficiency while ensuring public understanding of any changes in electricity charges.

The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.

With summer approaching, Taiwan is preparing for another electricity hike.​​​​​​​ In early April, the average industrial electricity consumption price rose by 14.2% from NT＄2.91 to NT＄3.38 per Kilowatt-hour.

Residents of apartment complexes in Taiwan are bracing for a double whammy of rising electricity bills and management fees following the recent electricity price hikes by Taiwan Power Co. (Taipower) in April.