TAIPEI, Taiwan -- Electricity prices in Taiwan will increase by no more than 10 percent if the country phases out nuclear power by 2025, Economics Minister Lee Chih-kung (李世光) said Saturday, rejecting projections of a 40 percent hike. He said the claims made by an academic that electricity prices would rise 40 percent by 2025 "were wrong." The major factor in electricity prices is the cost of fuel, Lee said. If fuel prices remain steady, electricity prices will increase by no more than about 10 percent if the government's 2015 power generation plan succeeds, Lee predicted. He said the government's investment in the green energy industry is expected to create many business opportunities and high demand for professionals.

Source: The China Post May 28, 2017 00:00 UTC