News
Electricity rates to remain unchanged
The Ministry of Economic Affairs (MOEA) is keeping the basic electricity rate at the current price of NT$2.6253 per kilowatt-hour. It marks the fifth consecutive time the government has opted to keep the rate unchanged.
The decision was made by the Electricity Tariff Review Committee, which meets twice a year to review electricity rates.
The price of electricity was last changed in April of 2018, when it was increased from NT$2.5488 to the current rate.
According to the MOEA, although international fuel prices are relatively low, the committee decided against lowering electricity rates due to fuel price projections and rising costs related to nuclear power plants.
The ministry also says the government's electricity bill subsidy programme for certain businesses struggling amid the coronavirus pandemic has cost NT$19 billion as of 10 September.
