Taiwan's power consumption hit a record 40.7 million watts in late July. With blackouts all over the country this summer, Deputy Economic Affairs Minister Tseng Wen-sheng says electricity prices will go up earlier in the year because of extreme weather.
The owners of this breakfast eatery say they must keep the air conditioning on if they want customers to come in. They pay close to NT$5,000 a month for electricity and are not looking forward to summer electricity rates going into effect in May instead of June.
Breakfast Eatery Owner: “If we don't turn on the air conditioning, customers will go elsewhere. Raising our prices would also drive them away, so we're caught between a rock and a hard place.”
Taiwan's power consumption hit a record 40.7 million watts in late July. Citing extreme weather and climate change, Deputy Economic Affairs Minister Tseng Wen-sheng said during an interview that electricity prices will go into effect earlier in the year in the future.
Tseng Wen-sheng, Deputy Economic Affairs Minister: “(Electricity consumption) during high noon in the summer months is no longer the greatest challenge for our (operating) reserve. The greatest challenge right now is nighttime. With summer prices going into effect earlier in the year, users will be more motivated to reduce power usage.”
Lin Bo-fong, Chair, Third Wednesday Club: “Consumer prices will keep going up because they will definitely (affect major power users).”
According to Tseng, higher rates going into effect earlier in the year is Taiwan Power's greatest hope, but such a decision requires the approval of an electricity price review committee. Industrial users are also expected to adjust their electricity consumption depending on seasonal prices.