Electricity price will spike 20% in 2025: economics minister

The China Post
Date: October 19, 2017
By: Huang Ya-chuan and S.C. Chang

TAIPEI (CNA) – Economics Minister Shen Jong-chin (沈榮津) said Wednesday that by

Economics Minister Shen Jong-chin addresses the Legislature’s Economics Committee on Oct. 18, 2017. said Wednesday that by 2025, some 20 percent of Taiwan’s power demand will be met by green energy, and electricity prices will be 20 percent higher. (CNA)

2025, some 20 percent of Taiwan’s power demand will be met by green energy, and electricity prices will be 20 percent higher.

By that time, he told lawmakers, the average cost of electricity to consumers will increase from NT$2.6159 per kilowatt hour to NT$3.1159.

For a household that consumes 330 kWh per month, it means the bill will be NT$165 higher, Shen said citing Taiwan Power Co. (Taipower) data.

The increase of NT$0.5 kWh, or about 20 percent, will come about under the government’s policy of creating a nuclear-free homeland, he said.    [FULL  STORY]

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