Taiwanese producers will face a serious increase in electricity tariffs for the second time in a year.

Taiwan’s Ministry of Economic Affairs, cited by Bloomberg, this week announced an upcoming increase in electricity tariffs for industrial consumers from mid-October. On average, the increase will reach 12.5%, this will be the second such step by electricity suppliers since the beginning of the year; the last time tariffs were increased was in April.

Image Source: TSMC

TSMC, as one of the flagships of the Taiwanese industry, will also face an increase in electricity tariffs, and since the bulk of its enterprises are concentrated in Taiwan, the increase in costs will inevitably be transferred to one degree or another to the cost of its products. Taiwan authorities expect local industry energy consumption to grow at an average rate of 2.8% per year over the next ten years. In April of this year, electricity tariffs for industrial consumers in Taiwan were already increasing by 15–25%.

The energy company Taiwan Power has been forced to operate at a loss over the past two years, since it uses mainly imported raw materials to generate electricity, and its cost has increased significantly. At the same time, the island authorities did not allow a proportional increase in electricity tariffs, which is why losses were generated. At the end of last year, they exceeded $6.2 billion. Recently, the cost of imported energy resources has decreased, but it still remains at a level exceeding the values ​​​​at the beginning of 2022. The rate of growth in electricity tariffs on the island over time has lagged behind other countries, as noted by Taiwanese officials. Taiwan is also set to shut down its nuclear reactor next May, adding to the woes of the local energy industry.

admin

Share
Published by
admin

Recent Posts

Why aren’t today’s semiconductors good enough for AI?

The smaller the manufacturing standards by which a chip is made, the higher its density…

1 day ago

Asus Launches Gold ROG Astral RTX 5090 Dhahab Edition Graphics Card — Price Reaches $10,600

Earlier this year, at Nvidia's GTC 2025 conference, Asus showed off what is probably the…

1 day ago

Legendary Quake Inducted into World Video Game Hall of Fame Along with Pet Simulator Tamogotchi

The International Center for Video Game History at The Strong Museum in New York has…

1 day ago

MSI Releases New Version of Claw 8 AI+ Gaming Console — White Case and Up to 2TB Storage for $999

At the end of last year, MSI introduced the Claw 8 AI+ and Claw 7…

1 day ago

Apple to Go Beyond in 2027 with Robot, Smart Glasses, and Foldable iPhone Plans

2027 could be one of the most significant years for Apple. The company plans to…

1 day ago

FTC’s ‘One-Click Unsubscribe’ Rule Delayed Again, But Not for Long

The US Federal Trade Commission (FTC) has delayed a rule that would require companies to…

2 days ago