Reported 10 months ago
Due to the global surge in energy prices caused by the Russia-Ukraine conflict, Taiwan Power Company (Taipower) has faced significant losses for two consecutive years as electricity prices have not fully reflected the increased fuel costs. There are differing opinions on whether Taipower should be subsidized, with examples from Germany, Japan, and France implementing financial subsidies for their energy sectors. These countries have adopted a dual approach of moderately raising electricity prices to reflect costs while also setting price caps and providing budgetary subsidies to alleviate the burden on citizens. For instance, Germany has implemented an 'energy price brake system' and allocated nearly NT$1 trillion in subsidies to energy suppliers. Japan has allocated additional budget for electricity subsidies reaching approximately NT$1.4 trillion, while France has implemented a 'price shield' system to limit price increases and reduced electricity consumption tax to mitigate price surges.
Source: YAHOO