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Taipower denies reports of price hikes
State-run Taiwan Power Company (Taipower) is denying reports that it plans to hike electricity rates this year.
The denial comes amid speculation the state-run utility could raise rates after its posted over NT$380 billion in accumulated losses at the end of last year.
The Ministry of Economic Affairs' electricity price review committee is scheduled to meet in March to decide on rates for the next six months and reports have been claiming it could seek to raise rates for the third consecutive year during that meeting.
However, Taipower is dismissing those claims and says it's currently "conducting an internal financial review" and seeking "financial support from the government."
Taipower raised electricity rates by an average of 11% last year. However, that price hike only affected some 10% of users.
