Notes from central Taiwan: Please burst my bubbleThe nation needs to raise its electricity prices now to fully achieve its renewable energy goalsBy Michael Turton / Contributing reporterThis week, the government announced that electricity prices would not be raised for the next six months. However, the committee in charge decided to wait until September to see the effects of adjustments to Taiwan’s power generation structure. Photo courtesy of TaipowerSUBSIDY BUBBLEAnd so, once again, the government declined to let Taiwan’s consumers leave their bubble of low prices. Both media and industry observers have criticized the government’s renewable energy policy, arguing its mandates are too small. To decouple electricity prices from implementation of renewable energy, the government needs to start raising electricity prices yesterday.

Source: Taipei Times April 04, 2021 15:56 UTC