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September 24, 2017

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No plan for water price hike: Economics minister

TAIPEI, Taiwan -- Water prices will not be raised for the foreseeable future, Minister of Economic Affairs Shih Yen-shiang said Monday.

Fielding questions at a Legislative Yuan committee meeting, Shih added that the ministry also has no plans to adjust upward electricity prices because the existing rates fall within a set of price regulation requirements drawn up in 2008.

As for fuel prices, Shih said that although there are some flaws and deficiencies in the existing floating pricing formula, the system will remain in place until a better calculation model is figured out.

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