TAIPEI: The Ministry of Economic Affairs cut down 7.34 percent or NT$0.22 (Kwh) electricity price due to the falling global crude oil prices.
At the Beginning of next month, electricity rates for households will drop 7.55 percent on average, those for commercial users by an average of 7.36 percent and those for industrial users by an average of 7.31 percent, the ministry said.
Vice Minister of Economic Affairs Shen Jong-chin in a press conference stated “Households that use 330kWh per month would see electricity charges reduced by NT$82 per month.
Taiwan Power Co statics shows that about 4 million households in Taiwan use 330kWh per month. Under the new pricing plan, households that use less than 120kWh per month would see bills reduced by 10 percent, Shen said.
Small business operators that use less than 330kWh per month could save NT$219, or 20.3 percent, Shen said, adding that a higher discount for small business users could help stabilize consumer prices.
Electricity costs will not decline for household users that use more than 1,000 kilowatt-hours per month or commercial users that use more than 1,500 kilowatt-hours per month, he said.
