MOEA hits back after wind power investors pan proposed rate cut

Focus Taiwan
Date: 2018/11/30
By: Liao Yu-yang Chi Jo-yao

Taipei, Nov. 30 (CNA) Economic officials have asked for evidence from investors

CNA file photo

in Taiwan’s offshore wind power sector to justify their rejection of a proposed 12.71 percent cut in the 2019 feed-in tariff rate.

The Ministry of Economic Affairs (MOEA) released a proposal for the 2019 rate on Thursday in which the rate per kilowatt hour (kWh) will be reduced from NT$5.8 (US$0.189) to NT$5.1.

It was criticized by wind power developers in a joint statement on Friday as unacceptable, but Economic Affairs Minister Shen Jong-chin (沈榮津) met with them and explained how the new rate was calculated.

A MOEA official told CNA that the MOEA had asked businesses to offer information on their power generation operations when the new rate was being assessed, but only two companies did so.    [FULL  STORY]

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