Taiwan Power Co (Taipower, 台電) is to keep electricity rates unchanged for six months from next month in an effort to curb inflation risks due to the Middle East conflict, which has bumped global crude oil prices to more than US$100 per barrel, the Ministry of Economic Affairs said yesterday.
The average electricity rate would stay unchanged at NT$3.78 per kilowatt-hour for the next six months, Dep...
The electricity rate freeze by Taiwan Power Co (Taipower) is a response to the ongoing Middle East conflict, which has led to an increase in global oil prices. This move aims to mitigate inflation risks and support local industries during a period of economic uncertainty. However, it remains unclear how Taipower will absorb increases in power generation costs without raising rates at a later date. Additionally, this decision may be part of a broader strategy by the Taiwanese government to stabil...
