With summer temperatures in record territory, Taiwan Power Company (Taipower,
According to one Taipower official, as long as all power generation facilities operate normally, the likelihood of power rationing remains slim.
"Taipower is capable of generating a maximum of 26,680 megawatts per hour, which puts the reserve supply ratio at 3.3 percent," said the official. Taipower's current facilities are able to generate a maximum 28,800 megawatts per hour at capacity.
This comes on the heels of last week's announcement by the company that Taiwan's daily electricity consumption hit a new high for the year on Thursday at 26,150 megawatts per hour -- a mere 2,650 megawatts away from mandatory rationing.
In recent years, rising power demand during the peak summer season has forced Taipower to implement power rationing, especially among industrial users.
Should a power shortage occur, Taipower is authorized to first reduce power to industries that consume more than one megawatt daily by between 5 and15 percent.
As a backup measure, users that consume less than one megawatt of power may then also be subject to rationing. Rationing usually takes the form of daily power shutdowns that last for several hours.
While electricity supply currently exceeds demand, Taipower announced on June 1 that electricity prices would rise between 10 percent and 27 percent -- depending on how much a user consumes every month -- as part of the company's annual summer hike in electricity prices. The peak season increase will last through Sept. 30, in line with the spike in demand for power during the hot summer months.
Taipower, which introduced "high-season" summer rates in 1989, says that the measure is aimed at encouraging the public to conserve energy and cover the costs of expanding the country's power supply.
Taiwan’s foreign exchange reserves fell below the US$600 billion mark at the end of last month, with the central bank reporting a total of US$596.89 billion — a decline of US$8.6 billion from February — ending a three-month streak of increases. The central bank attributed the drop to a combination of factors such as outflows by foreign institutional investors, currency fluctuations and its own market interventions. “The large-scale outflows disrupted the balance of supply and demand in the foreign exchange market, prompting the central bank to intervene repeatedly by selling US dollars to stabilize the local currency,” Department of Foreign
Intel Corp is joining Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc, Space Exploration Technologies Corp and xAI, marking a surprising twist in the chipmaker’s comeback bid. Intel would help the Terafab project “refactor” the technology in a chip factory, the company said on Tuesday in a post on X, Musk’s social media platform. That is a stage in the development process that typically helps make chips more powerful or reliable. The chipmaker’s shares jumped 4.2 percent to US$52.91 in New York trading on Tuesday. The Terafab project is a grand plan by Musk to eventually manufacture his own chips for
Taiwan Power Co (Taipower, 台電) yesterday said it plans to resume operations at two coal-fired power generators for three months to boost security of electricity supply as liquefied natural gas (LNG) supply risks are running high due to the Middle East conflict. The two coal-fired power generators are at Mailiao Power Plant in Yunlin County’s Mailiao Township (麥寮). The plant, operated by Formosa Plastics Group (台塑集團), supplied electricity to Taipower’s power grid until the end of last year. Taipower’s decision came about one month after Minister of Economic Affairs Kung Ming-hsin (龔明鑫) on March 10 said that the nation had no imminent
Some robotaxi passengers were left stranded in the middle of fast-moving traffic in a major Chinese city after their driverless vehicles stopped running, according to police and media reports on Wednesday. A preliminary investigation indicates more than 100 robotaxis came to a halt because of a “system malfunction,” police in the city of Wuhan said in a statement, without elaborating. No injuries were reported. One passenger told Chinese media that their robotaxi stopped after turning a corner. An instruction on a screen read: “Driving system malfunction. Staff are expected to arrive in 5 minutes.” After no one showed up, the passenger pushed