Radio Taiwan International
Date: 2018-03-17
A 3% hike in electricity prices is set to take effect for Taiwan’s biggest power users
A 3% hike in electricity prices for Taiwan’s biggest power users is set to take effect April 1. (Photo by CNA)
starting April 1.
The price hike is expected to have no impact on most power users, with fewer than 20% set to see higher bills. Many of those facing higher prices will be large industrial users of power.
Several large companies responded to the price hike after it was announced on Friday.
Leading wafer-maker TSMC says that power accounts for less than 10% of its production costs. The company says the price hike should have only a limited impact on its operations. Fellow wafer-maker UMC also says the impact will be small, but that the company will seek to make up for higher costs by working to increase efficiency. [FULL STORY]
