Taiwan might be heading into another record summer of electricity use, Taiwan Power Co (Taipower, 台電) said yesterday.
First-quarter electricity use increased 3 percent year-on-year, with the last three days of last month breaking record peak use for March, the state-run utility said.
So far this month, power use is up 7 percent year-on-year. The most power used this month was on Thursday last week when 32.765 gigawatts (GW) were used in a day, up from the previous April record of 29.99GW.
Photo: Lin Cheng-kun, Taipei Times
The all-time record for single-day electricity use was set on July 23 last year, when usage reached 38.02GW.
“We expect that record to be broken this year,” Taipower manager Chang Ting-shu (張廷抒) said.
Taipower said that it was caught by surprise by how power use has been growing ahead of expectations, even before the arrival of the summer heat.
Increased domestic demand might have been caused by the stable economy, it added.
Taiwan’s electricity usage has increased year-on-year every year in the past few years, growing more than 2 percent last year.
Electricity generation capacity might also be strained by the water shortage, which has reduced first quarter hydroelectric power generation 16 percent year-on-year, Taipower said.
Chang said that he is still “confident” that Taipower will have the 10 percent reserve capacity necessary to handle summer peak demand, but it absolutely cannot do it without the four coal-fired generators in Taichung.
Taichung Mayor Lu Shiow-yen (盧秀燕) is blocking construction of two liquified natural gas (LNG) generators pending the decommissioning of the four coal-fired generators.
Chang said that delaying the construction of the new LNG generators would only delay the decommissioning of the older coal-fired generators.
“Mayor Lu is holding the construction of the new LNG generators hostage, but we cannot shut off the coal generators without creating a potential power crisis,” Chang said.
The new LNG plants would take five years to construct, he added.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
NO SHORTCUTS: Asked about Elon Musk’s Terafab initiative, TSMC CEO C.C. Wei said it takes two to three years to build a fab and another one to two to ramp it up Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its revenue growth forecast for this year to above 30 percent, up from the 25 percent it estimated three months earlier, citing extremely robust artificial intelligence (AI)-related chip demand. “Our customers and customers’ customers, who are mainly cloud service providers, continue to send us very positive signals and outlook,” TSMC chairman and CEO C.C. Wei (魏哲家) said at an earnings conference. The company also hiked its capital expenditure for this year toward the higher end of its forecast, or US$56 billion, as it aims to step up advanced chip capacity expansions, such as
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the