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taipower is raising prices, asking for subsidies, and claiming losses. the blue camp calls for a review of energy policy: don’t be too conservative.

2024-10-02

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the "electricity price review committee" of the taiwan authorities' economic department has just made a decision to increase industrial electricity consumption. however, the report sent by taipower to taiwan's public opinion organization stated that it hopes that taiwan's public opinion organization can support the allocation of 200 billion yuan (nt$, the same below). repair. representative wang hongwei of the kuomintang said bluntly, "i really have no way to support it." representative zhang jiajun of the kuomintang said that this move is simply treating taiwanese people as cash machines. reviewing the energy ratio is not just on the horizon, but has reached the edge of the cliff.

taiwan's public opinion organization "economic council" was originally scheduled to invite taiwan's economic department head guo zhihui and others today (2nd) to evaluate and implement plans for "power energy ratio policy and electricity price adjustment, impact on people's living prices and industries" in taiwan. reported, but canceled due to typhoon.

however, a report sent by taipower to the "economic committee" stated that due to the surge in fuel prices due to the epidemic and the russia-ukraine conflict, electricity prices have been significantly increased around the world since 2021, but the rate of electricity price increases in taiwan is "relatively moderate and detailed." taipower also stated that taipower is responsible for the policy task of slowing down inflation, but because taipower absorbed the increase in fuel prices first, the electricity price was not fully increased, causing losses of 1.2 yuan and 1.1 yuan respectively for every 1 kilowatt hour of electricity sold from 2022 to 2023. by the end of 2023, the cumulative loss has reached 381.8 billion yuan.

taipower further stated that due to the insufficient increase in electricity prices, it has absorbed nearly 680 billion yuan in electricity costs in the past three years. the taiwan authorities have prepared a supplementary budget for 2024 and a public service budget for 2025 to allocate a total of 200 billion yuan to taiwan power, which is being submitted to taiwan's public opinion organizations for review. we sincerely request the support of taiwan's public opinion organizations.

national representative yang qiong-ying of the kuomintang pointed out that the taipower report this time was written straightforwardly, "currently, taipower is still at a loss in electricity sales, and it must be gradually reflected reasonably through electricity prices, so that taipower can continue development and construction and stabilize power supply." people can't help but wonder, taiwan will the authorities continue to raise electricity prices in the future? or is it possible to "kidnap" all taiwanese people by raising electricity prices for people's livelihood and demand more budgetary subsidies in the future?

yang qiong-ying said that starting from 2023, the ruling party has invested 300 billion yuan in taipower through budget increases, special budgets, etc., and now it needs another 200 billion yuan, which is equivalent to investing 500 billion taiwanese people’s hard-earned money in three years, but electricity prices are still rising year after year. . the worst thing is that taiwanese people are still very worried about whether the taiwan authorities can provide stable power supply and whether there is a power shortage. taipower is like a "money pit" with no bottom, and we don't know when it will end, nor when it will bring the benefits it deserves to the taiwanese people.

yang qiong-ying suggested that the taiwan authorities should take advantage of the opportunity to discuss budget allocations and put forward clear plans for financial reform, electricity prices and energy development in the next few years to clear up doubts among the taiwanese people. for example, guo zhihui once claimed that taipower will be financially sound in two years. can you please tell us the specific actions and what are the annual reform performance goals?

wang hongwei said that taipower clearly wants money but does not adjust its energy policy, and its attitude is direct and crude. in the past few years, subsidies have been allocated several times, but taipower has still increased prices. if they don't express anything in this budget, or if they are threatened or emotionally blackmailed every time, it will be equivalent to acquiescing to the energy policy of the ruling party and endorsing it, so "i really have no way to support it."

zhang jiajun said that natural gas price fluctuations have stabilized. electricity prices were only raised in april this year. taipower's operations have also turned a profit, earning 7.3 billion yuan in july and 3.9 billion yuan in august. it is expected to make money in september, but it will not make money in october. by raising electricity prices, we are basically treating taiwanese people as cash machines and a fig leaf for taipower's losses.

zhang jiajun mentioned that taipower has changed from a "golden goose mother" in the public sector to a "fuel bottle". if the energy policy is not reviewed, taipower's losses will become a bottomless pit that is difficult to make up. the entire taiwanese people will have to foot the bill to make up for it. zhang jiajun pointed out that many countries and regions in the world have changed from anti-nuclear to pro-nuclear, and called on taiwan's administrative agencies not to be conservative and review and improve energy policies.

kuomintang citizen xie yifeng said that this year's additional rmb 100 billion from taipower was to solve the frozen increase in electricity prices for people's livelihood, but the same reason may not be used for next year's rmb 100 billion. at present, while electricity prices are rising, taiwan's public opinion organizations are required to provide subsidies, but the welfare of the people has not increased. moreover, taipower's financial problems have not been resolved. under such circumstances, taiwan's economic authorities can only try hard for another year.