‘NOT A SLOGAN’:The nation’s wind energy sector might attract up to NT$1.5 trillion in investment, and global energy firms are interested, Cabinet spokesman Hsu Kuo-yung said
Taipei Times
Date; Oct 23, 2017
By: Chen Wei-han / Staff reporter
There are no plans for an electricity rate hike even though the nation is transitioning to
Premier William Lai, fourth right, inspects a new solar power system in Kinmen County yesterday. Photo: CNA
renewable energy, the Cabinet said yesterday as Premier William Lai (賴清德) inspected a new solar power system in Kinmen County.
There are no plans for a rate hike because the cost of renewable energy will drop dramatically with technological advances, Cabinet spokesman Hsu Kuo-yung (徐國勇) said.
The new solar power system in Kinmen is 50 percent more efficient than the one installed eight years ago and had a lower construction cost, Hsu said.
Renewable power plants have no fuel costs; the only costs are construction, operation and maintenance expenses, which are more affordable than the operational and maintenance costs of a traditional power plant, Hsu said. [FULL STORY]
