COST OF ELECTRICITY:
About 5.2 gigawatts of new generating capacity from four new gas-fired units would come online this year, a Taipower spokesperson said
By Meryl Kao
/ Staff Reporter
Taiwan Power Co (Taipower, 台電) yesterday said its full-year loss could be kept within the Executive Yuan’s budgeted NT$28 billion (US$878.22 million) if fuel prices stabilize and CPC Corp, Taiwan (CPC, 台灣中油) cuts prices of natural gas for power generation.Taipower reported a pretax loss of about NT$9 billion in the first four months of this year, Taipower spokesperson Huang Mei-lien (黃美蓮) said before the company’s annual general meeting in Taipei.While summer electricity rates that took effect this month are expected to help narrow Taipower’s losses, whether the full-year loss stays within the budgeted NT$28 billion hinges on CPC, which raised natural gas prices for power generation in April and May amid tensions in the Middle East, Huang said.
