Taiwan Raising Household Electricity Prices, Freezes Prices for Industry

TaiwanPlus News

Taiwan’s Electricity Rate Review Committee has approved a 0.71% increase in household electricity prices starting in October while industrial rates will remain frozen. Small studio homes will spent about US$1 more per month on average while larger households of six or more will pay about US$4 more. The economy ministry says industrial prices were held to avoid compounding inflationary pressures including from US tariffs..

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00:00Electricity prices are going up in Taiwan, with household prices rising 0.71 percent

00:07starting in October, while industrial prices stay frozen.

00:11Officials say small studio homes will pay about one U.S. dollar more per month on average,

00:16while larger households of six or more will pay about four U.S. dollars more.

00:21According to the economy ministry, industrial prices were frozen to prevent compounding

00:26pressures, including from U.S. tariffs.

00:28It says the country's power utility absorbed higher fuel prices from 2022 to 2024.

00:35As of the end of July, the utility's cumulative losses since 2022 totaled nearly 13 billion U.S. dollars.

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