18 Sep '12, 9am

Taiwan government delays power price hike

Taiwan government delays power price hike Bryan Chuang, Taipei; Steve Shen, DIGITIMES [Tuesday 18 September 2012] Taiwan's government has decided to delay a planned electricity rate hike originally set to take place on December 10, 2012 until October 1, 2013. Under mounting pressure from the public, Taiwan's premier, Sean Chen, has also instructed the Ministry of Economic Affairs (MOEA) to reevaluate its electricity adjustment policy with an aim to establish a long-term development strategy and improve management efficiency of the state-run Taiwan Power Company (Taipower), rather than just hiking prices to reduce losses. In order to offset heavy losses at Taipower, the MOEA announced in May a three-phase electricity rate adjustment plan. The first stage of the price hikes already took place on June 10, under which household electricity prices were raised by 16.9%, commerci...

Full article: http://www.digitimes.com/news/a20120918PD205.html

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