Frugal consumers should not see any hikes: MOEA
Taiwan News
Date: 2018/03/01
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – There will be no hike in electricity rates until April at the earliest,
MOEA downplays the threat of electricity rate hikes. (By Central News Agency)
and special considerations are expected for frugal consumers and small businesses, the Ministry of Economic Affairs (MOEA) said Thursday.
Recent plans for price hikes for toilet paper triggered hoarding and local shortages, which made international headlines, leading to fears of galloping inflation.
There were no plans to make tap water more expensive, and any rise in the price of power would have to wait until a relevant committee meeting in April, the MOEA said.
Even if there was a decision in favor of a hike, it would not exceed 3 percent, the Central News Agency reported. Consumers who used less than 330 kilowatt-hours a month would see no increase, while a special approach would be taken for small businesses in order to prevent rising inflation, according to the MOEA. [FULL STORY]
