Radio Taiwan International
The state-owned Taiwan Power Company said Thursday that electricity prices
need to be raised to stop the company from operating at a loss.
Taipower introduced a new electricity pricing policy in October 2017. The policy allows the company to negotiate a price increase of up to 3% in April and October every year.
The proposed increase needs to be approved by the electricity price review committee before taking effect. In March, the committee rejected Taipower’s proposal to increase the electricity rate by 10.4% and limited the raise to 3%. [FULL STORY]