Taipower: This year it has absorbed NT$75 billion in subsidies for people’s electricity consumption, and hopes that Congress will support the allocation of NT$71.1 billion in subsidies
Quick Look
- Taipower stated that it has absorbed more than 75 billion yuan in electricity costs for people's livelihood this year.
- In order to maintain financial stability and continue to promote power grid construction and environmental protection improvements, it calls on Congress to support 71.1 billion yuan in additional budgetary subsidies to reduce policy cost pressures and stabilize electricity prices.
AI-generated summary
Why It Matters
Taipower's financial burden has increased due to the surge in international fuel prices and in line with the government's price stabilization policy.
Taipower stated that the electric power industry shoulders the responsibility of stabilizing power supply and stabilizing electricity prices. Taipower continues to invest in the environmental protection improvement of power plants and various power grid construction. It also cooperates with the government's price stabilization policy and continues to absorb the soaring international fuel costs. This year, it has absorbed more than 75 billion yuan in subsidies for people's electricity consumption. In view of the fact that the financial stability of the electric power industry is related to the rights and interests of the people in using electricity and the development of social industries, Taipower calls on Congress and all sectors of society to jointly support the additional budget allocation of 71.1 billion yuan.
Taipower pointed out that it continues to promote air pollution reduction work, and the air pollution emissions of its coal-fired units have been reduced by 77% in the past 10 years. Among them, Taichung Power Plant has invested 44.1 billion yuan in upgrading air pollution control equipment, and its coal-fired units have reduced air pollution emissions by 80%;
Taipower explained that in response to the continued impact of international geopolitics and the war in the Middle East on fuel costs, Taipower cooperated with the government to stabilize prices and absorbed more than NT$75 billion in subsidies for people's electricity consumption this year. "The government's budget of NT$71.1 billion to allocate Taipower to subsidize electricity costs for the entire population will help share policy costs, improve the financial structure, and reduce the pressure on capital allocation."
Taipower emphasizes that stable power supply, grid resilience and environmental improvement are all long-term tasks. In addition to continuing to improve operating efficiency and cost control, it also requires stable financial support. It hopes that all sectors of society will support budget subsidies so that Taipower can continue to promote power construction and environmental improvement while stabilizing electricity prices for people's livelihood.
What to Watch
AI outlook — possibilities, not facts
Congress considers additional budget appropriation bill
Likely · Within months
Open Questions
- Will Congress pass a supplementary budget of 71.1 billion yuan?
