Renewable energy suppliers will soon be able to apply for distribution permits to speed up the development of nation’s renewable energy industry, the Ministry of Economic Affairs said yesterday.
“Power distributors will be able to start applying for permits to transmit and distribute power from renewable energy suppliers to customers at the end of next month at the earliest,” Bureau of Energy official Lee Chih-yuan (李志遠) told reporters at the ministry.
Renewable energy suppliers can finally start selling electricity to customers, Lee added.
The legislature in January passed the amended Electricity Act (電業法), which allows renewable energy suppliers to sell electricity to enterprises and households, instead of only selling power to Taiwan Power Co (Taipower, 台電).
Under the amended regulations, distributors would pay less when using Taipower’s grid if they are transmitting renewable energy.
The ministry yesterday approved the discount ranges, Lee said.
For instance, the fee for transmitting solar power on Taipower’s grid is to be NT$0.0108 to NT$0.0169 per kilowatt-hour (kWh), compared with NT$0.2861 to NT$0.4462 per kWh for coal-fired electricity, Lee said.
Renewable energy suppliers can also choose to build their own direct lines, for which they are only required to pay power dispatching and assisted service fees to Taipower, Lee said.
Lee said the ministry would review and adjust the pricing mechanism for renewable and non-renewable energy sources on an annual basis.
MULTIFACETED: A task force has analyzed possible scenarios and created responses to assist domestic industries in dealing with US tariffs, the economics minister said The Executive Yuan is tomorrow to announce countermeasures to US President Donald Trump’s planned reciprocal tariffs, although the details of the plan would not be made public until Monday next week, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. The Cabinet established an economic and trade task force in November last year to deal with US trade and tariff related issues, Kuo told reporters outside the legislature in Taipei. The task force has been analyzing and evaluating all kinds of scenarios to identify suitable responses and determine how best to assist domestic industries in managing the effects of Trump’s tariffs, he
TIGHT-LIPPED: UMC said it had no merger plans at the moment, after Nikkei Asia reported that the firm and GlobalFoundries were considering restarting merger talks United Microelectronics Corp (UMC, 聯電), the world’s No. 4 contract chipmaker, yesterday launched a new US$5 billion 12-inch chip factory in Singapore as part of its latest effort to diversify its manufacturing footprint amid growing geopolitical risks. The new factory, adjacent to UMC’s existing Singapore fab in the Pasir Res Wafer Fab Park, is scheduled to enter volume production next year, utilizing mature 22-nanometer and 28-nanometer process technologies, UMC said in a statement. The company plans to invest US$5 billion during the first phase of the new fab, which would have an installed capacity of 30,000 12-inch wafers per month, it said. The
Taiwan’s official purchasing managers’ index (PMI) last month rose 0.2 percentage points to 54.2, in a second consecutive month of expansion, thanks to front-loading demand intended to avoid potential US tariff hikes, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. While short-term demand appeared robust, uncertainties rose due to US President Donald Trump’s unpredictable trade policy, CIER president Lien Hsien-ming (連賢明) told a news conference in Taipei. Taiwan’s economy this year would be characterized by high-level fluctuations and the volatility would be wilder than most expect, Lien said Demand for electronics, particularly semiconductors, continues to benefit from US technology giants’ effort
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his