Taiwan’s electricity demand will probably grow less than 2 percent, the least since the 0.9 percent gain in 2001, Chief Engineer Tu Yueh-yuan, said in an interview in Taipei yesterday. The state-run utility raised prices by an average of 25.2 percent this year to cover higher fuel costs.

Slowing electricity sales at Taipower, as the company is known, will reduce fuel purchases by Asia’s largest thermal-coal importer and the island’s biggest user of natural gas. The global financial crisis is hurting sales of computers and mobile phones, trimming demand for semiconductors produced in Taiwan and cutting power use by factories.

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