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May 26, 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.

1 Comment
March 8, 2010    elumpen@
Phew. There's a relief. Just imagine if everyone were compelled to pay true value for water, electricity and fuel instead of massively-subsided rates. We'd have to endure restaurants and department stores with above-freezing air-conditioning; farmers would have to adopt state-of-the-art water conservation techniques; businesses would have to upgrade their 50-year-old management methods; we might even be able to breathe without a lung filter. How awful.
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