Electricity rates to remain unchanged, ministry saysREPAYING THE FUND: Any gains that Taipower makes in the coming six months above its 3 percent legal reserve would go to the energy price stabilization fundBy Natasha Li / Staff reporterElectricity rates would remain unchanged at NT$2.6253 per kilowatt-hour, the Ministry of Economic Affairs said yesterday. Electricity rates have not been altered since September 2018 and would be maintained for the next six months until the committee’s next twice-yearly meeting, the ministry said. From left, Ministry of Economic Affairs Bureau of Energy Director-General Yu Cheng-wei, Deputy Minister of Economic Affairs Tseng Wen-sheng and Taiwan Power Co president Chung Bin-li take part in a news conference in Taipei yesterday. Energy generation costs at state-run Taiwan Power Co (Taipower, 台電), the nation’s largest electricity provider, remain largely unchanged from last year, as coal prices have remained relatively stable, Tseng said. Taipower last year posted pretax losses of NT$14.7 billion due to low electricity rates.

Source: Taipei Times March 18, 2020 15:56 UTC