In a bid to support industry and protect consumers, the Ministry of Economic Affairs (MOEA), ROC, has proposed a NT$100 billion (US$3.03 billion) allocation for the state-owned Taipower in 2025, aimed at countering the effects of soaring global energy prices. However, due to policy limitations, any adjustment to electricity prices will be modest, placing continued financial pressure on Taipower. Despite this, the proposal has faced opposition in the legislature, where the Kuomintang (KMT) and Taiwan People’s Party (TPP) have blocked the budget. Although price hikes could contribute to inflation, Taiwan’s economy remains stable, and experts expect that the electricity price review committee will likely approve increases for both industrial and residential consumers starting in April.
Taiwan electricity price hike: MOEA subsidy for Taipower blocked by opposition
25
Mar