By: Huang Li-yun and Ko Lin
Taipei, Jan. 11 (CNA) Taiwan’s Legislature passed an amendment to the Electricity Act on Wednesday, allowing for the supply of green energy directly to consumers and the restructuring of the state-owned Taiwan Power Company (Taipower).
The new law changes the regulation that permitted green energy suppliers to sell electricity only to Taipower and is expected to spur more rapid development of the sector, which currently produces only 4 percent of the electricity generated in Taiwan.
Other suppliers of conventional power will also be allowed to sell electricity directly to consumers, ending Taipower’s 70 years of monopoly, according to the amended law.
It also allows for Taipower’s operations to be split into two sectors, one for power generation and the other for electricity transmission, distribution and sale. [FULL STORY]