Large water users are to be subject to an additional water tariff of NT$3 per cubic meter starting on Feb. 1 on top of their monthly water bills during the dry season, the Ministry of Economic Affairs said yesterday.
Called a water consumption fee, the tariff would be imposed on those who use more than 9,000 cubic meters a month from November to April, the ministry said in a statement.
The tariff can be reduced to NT$2 or NT$1 per cubic meter if a certain percentage of the water used by a customer comes from recycled water that did not originally come from an underground source, it said.
Large water users are encouraged to use sea water, develop new water resources or install water conservation devices to be eligible for a discount of up to 60 percent of their water consumption fee, it said.
The water consumption fee charged after accounting for potential discounts would be halved from next month to June 30, 2025, and then charged in full after that, although the discounts would remain in effect, the ministry said.
The ministry originally expected to start levying the water consumption fee in July last year, based on Article 84-1 of the Water Act (水利法), which was amended by the legislature in 2016, Water Resources Agency Deputy Director-General Wang Yi-feng (王藝峰) said.
However, given the electricity price hikes imposed on large-scale users since July last year and other inflationary pressures, the ministry postponed the implementation of the water consumption fee until next month, he said.
The new tariff would be imposed on an estimated 1,700 to 2,200 business users involved mainly in the manufacturing and construction sectors, as well as meat wholesalers, and would raise annual revenue of between NT$600 million and NT$1.4 billion (US$19.54 million and US$45.58 million), Wang said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip