Reported 5 months ago
An investigation revealed that Taiwan's Electricity Company incurred significant losses in 2022, largely due to rising fuel costs influenced by the Ukraine war and an energy structure heavily reliant on fossil fuels. The lack of a standard cost system hindered transparency regarding their financial losses. The monitoring agency has urged the company and the Ministry of Economic Affairs to implement corrections. As the country transitions to renewable energy, there is hope for greater energy independence and reduced reliance on imported fuels.
Source: YAHOO