Taiwan likely to make annual electricity rate adjustments

Taiwanese authorities prefer an annual electricity rate adjustments instead of every three months.

Taipower chairman Hwang Jung-chiou said the annual adjustment proposal covering this is likely to be adopted.

Moreover, the adjustment scale for household electricity prices and that of prices for industry-use electricity will be discussed separately, he said.

An electricity rate adjustment formula has been drafted, under which electricity rates will be adjusted based on changes in fuel costs, non-fuel costs and “reasonable profits,” Hwang said.

The new policy will most likely come into force on Oct. 1 this year at the earliest, following the July to September period, when higher summer electricity rates are in effect, he said.

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