CONTINUED PAYOUTS: Taipower is to incorporate subsidies and compensations paid to people living near nuclear power plants under a single fund, if the plan is approved
Date: Feb 04, 2018
By: Jake Chung / Staff writer, with CNA
Estimated annual expenditure at Taiwan Power Co’s (Taipower, 台電) Nuclear Power Back-
end Operations Fund has surged by NT$100 billion (US$3.4 billion) due to plans to incorporate two separate expenditure items into the fund, the state utility said in its latest report to the Ministry of Economic Affairs.
The increased amount is due to changes in operational costs after the retirement of nuclear power plants and the merging of the Promoting the Development of Power and Energy Subsidies and Radioactive Waste Storage Compensatory funds into payout items for the operations fund.
Merging the expenditures was in response to requests made by local residents, State Enterprise Commission Vice Chairperson Wu Fong-sheng (吳豐盛) told a news conference after an inspection on Tuesday.
The residents demanded the continuation of payouts from the compensatory fund and subsidies based on rates when the power plant is running at full capacity, Wu said.