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June 23, 2017

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Chairman of Taipower seeks public discussion over future power rates

TAIPEI, Taiwan -- For Taiwan to have a stable electricity rate, people should sit down and thoroughly discuss future power rates, said Taiwan Power Company Chairman (Taipower, 台灣電力公司) Hwang Jung-chiou (黃重球) yesterday.

The Economic Daily News (EDN) held an energy summit conference titled "electricity supply and industrial development" at Taipei International Convention Center yesterday.

President Ma Ying-jeou (馬英九) and EDN president Huang Su-juan (黃素娟) presented their speech at the beginning of the conference, while Chung-Hua Institution Economic Research (中華經濟研究院) Chairman Liang Qi-yuan (梁啟源) hosted the event.

Taiwan Association of Machinery Industry (臺灣機械工業同業公會) Chairman Hsiu Tsang (徐秀滄) said that companies will consider if the power supply is stable before making an investment. For now, Taiwan's low power rates are still competitive compared with other nations.

Local businesses are shocked by the government's decision. Although the nation has a limited power supply, the government decided to retire Taiwan's three nuclear power plants and seal the Fourth Nuclear Power Plant. The Republic of Korea, on the other hand, is increasing its use of nuclear power.

Allied Association For Science Park Industries (台灣科學工業園區科學工業同業公會) Vice President C.K. Lee (李金恭) said that he is worried about Taiwan's power supply in the future. A cut in power supply will trigger a huge loss in money and time for the semiconductor industry, Lee said.

Taiwan Power Company Chairman Hwang Jung-chiou responded to the inquiry into the future power supply by saying that reduction in nuclear power use will be carried out over time.

But using an alternative energy source like natural gas or developing renewable energy sources will cause environmental problems and increase the cost of producing electrical power, Hwang said. In order to have a stable electricity rate, people should sit down and thoroughly discuss this issue, he added.

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