The nation has saved 4.5 billion kilowatt-hours of electricity, equal to the annual output of a power plant for a whole year, since a rate discount program was introduced in July last year by Taiwan Power Co (Taipower, 台電), chairman Edward Chen (陳貴明) said on Wednesday.
The reduction in electricity consumption also reduced carbon dioxide emissions by 2.6 million tonnes or the equivalent to the volume of carbon dioxide absorbed by a 201,893-hectare wooded park, Chen said.
This resulted in savings of about NT$6.4 billion (US$198 million) in electricity bills, he said.
Taipower decided to increase the maximum discount rate to 30 percent as of July this year, Chen said. Households and elementary and junior high schools that reduce their monthly usage by 10 percent or more this year will be eligible for a discount of up to 30 percent. A reduction of 5 percent to 10 percent could earn a 20 percent discount, he said.
Taiwan’s technology protection rules prohibits Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) from producing 2-nanometer chips abroad, so the company must keep its most cutting-edge technology at home, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. Kuo made the remarks in response to concerns that TSMC might be forced to produce advanced 2-nanometer chips at its fabs in Arizona ahead of schedule after former US president Donald Trump was re-elected as the next US president on Tuesday. “Since Taiwan has related regulations to protect its own technologies, TSMC cannot produce 2-nanometer chips overseas currently,” Kuo said at a meeting of the legislature’s
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US President Joe Biden’s administration is racing to complete CHIPS and Science Act agreements with companies such as Intel Corp and Samsung Electronics Co, aiming to shore up one of its signature initiatives before US president-elect Donald Trump enters the White House. The US Department of Commerce has allocated more than 90 percent of the US$39 billion in grants under the act, a landmark law enacted in 2022 designed to rebuild the domestic chip industry. However, the agency has only announced one binding agreement so far. The next two months would prove critical for more than 20 companies still in the process
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