By: Liao Yu-yang and Evelyn Kao
Taipei, March 4 (CNA) Electricity consumption in Taiwan is projected to grow by 1.86 percent annually from 2018 to 2025 and electricity prices to increase 29 percent to NT$3.39 (US$0.11) per kilowatt hour (kWh) by 2025, as long as fuel prices remain unchanged, Economics Minister Shen Jong-chin (沈榮津) said Monday, citing the ministry’s latest electricity consumption report.
The estimated 1.86 percent annual growth is an upward revision from the 1.26 percent estimated by the ministry in 2017 after factoring in large scale investments in the semiconductor sector, more overseas Taiwanese businesses returning and investing at home, climate change and the emergence of electric vehicles, Shen said at a legislative hearing.
By 2025, it is estimated the average cost of electricity to consumers will increase to NT$3.39 per kWh, up from the current level of NT$2.62, Shen said. [FULL STORY]