The government’s wholesale electricity tariffs for solar energy during the January-to-June period of next year are set to drop by about 12.45 percent on a semi-annual basis, less than the previously proposed 14.23 percent cut, the Bureau of Energy said yesterday.
The adjustment came after the bureau announced its initial changes to wholesale electricity tariffs for next year and held hearings to collect firms’ opinions last month.
The government’s original proposal was that wholesale electricity tariffs for solar energy suppliers for the first half of next year would be reduced by between 12 percent and 14 percent from the July-to-December period this year.
With an additional 2 percent to 3 percent decline planned for the second half, wholesale electricity tariffs for solar energy suppliers would fall by up to 16 percent to NT$4.72 per 1,000 kilowatt-hour from NT$5.62, the bureau said.
However, after several solar power suppliers complained, stressing that many of them faced severe pricing competition and rising maintenance costs, the bureau took local firms’ critism into account and decided to narrow its reduction of the tariffs.
For the first half of next year, wholesale electricity tariffs for solar energy suppliers are set to decrease to NT$4.92 per 1,000 kilowatt-hour, rather than original target of NT$4.72.
That rate will remain the same through the second half of next year, the bureau said in a statement on its Web site.
“Wholesale electricity tariffs for solar energy will be renewed, but not in accordance with falling average operating costs to suppliers in the global market,” the bureau said.
Based on the same formula, wholesale electricity tariffs for wind, biomass, hydro and geothermal power are set to increase by between 0.31 percent and 16.05 percent to a range between NT$2.5 and NT$8.6 per 1,000 kilowatt-hour, the bureau said.
Wholesale electricity tariffs for energy that is generated from waste would remain the same at NT$2.82 per 1,000 kilowatt-hour, it said.
Considering that the total costs of installation and operations is higher on outlying islands than on Taiwan proper, the bureau said it would retain its policy and purchase renewable energy generated on Kinmen and Matsu at a 15 percent premium to give firms an incentive to invest in the clean energy business.
In addition, firms that install 10,000 kilowatt-hour wind turbines onshore and use them to generate wind power before 2018 will be able to enjoy a 3.6 percent premium, the bureau’s statement said.
The bureau said it would begin sending out notices about the changes to wholesale electricity tariffs for next year from Monday.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
The US said it plans to help build a first-of-its-kind industrial hub in the Philippines to boost production of inputs crucial to US supply chains. The 4,000-acre hub is intended to be “a purpose-built platform for allied manufacturing” and “an investment acceleration hub where the specific industrial activities are shaped by market demand,” the US Department of State said on Thursday. The project — touted as an “economic security zone” — would be within the Luzon Economic Corridor, a flagship economic project backed by the US and Japan on the main Philippine island. The project was also described as “the first artificial intelligence