A new energy trading platform (ETP) designed to help Taiwan Power Co (Taipower, 台電) harness privately owned reserve capacity and electricity storage services came online yesterday.
The platform makes it easier for private owners of electrical equipment, such as generators or power storage, to sell their energy resources to Taipower, effectively giving the state-run utility more flexibility and stability in the national grid.
“Suppose you are a factory owner with backup generators that hardly see any use,” said Wu Chin-chung (吳進忠), director in charge of power dispatching at Taipower. “When you are connected to the platform, that generator can become a part of Taiwan’s reserve margin and the owners get paid.”
Taipower already has existing deals in place with companies to purchase power storage and reward factories for time-shifting their power use to reduce peak usage rates.
The ETP platform would make future use of “private distributed electrical resources” quicker and more responsive, with an auction system that pays more in times of greater need, Wu said.
“We expect to consolidate a lot of diverse electric resources into our system and help maintain the stable operation of our grid, as well as ensure the fastest restoration of power in case of any accidents,” the company said in a statement.
Taipower already uses private electrical resources to match supply and demand, but, with the platform, more private owners are expected to join.
Energy storage systems are the fastest to respond, able to dispatch extra electricity to the grid within “one to 10 seconds,” Taipower said.
Others, such as generators, can start providing power to the grid within a half-hour, it said.
About 84.2 megawatts of “non-traditional reserve” are already on the books through individual contracts with Taipower.
More information can be found online at the ETP Web site at etp.taipower.com.tw.
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose to No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc (廣達) at 348th, Pegatron Corp (和碩) at 461st, CPC Corp, Taiwan (台灣中油) at 494th and Wistron Corp (緯創) at
NEW PRODUCTS: MediaTek plans to roll out new products this quarter, including a flagship mobile phone chip and a GB10 chip that it is codeveloping with Nvidia Corp MediaTek Inc (聯發科) yesterday projected that revenue this quarter would dip by 7 to 13 percent to between NT$130.1 billion and NT$140 billion (US$4.38 billion and US$4.71 billion), compared with NT$150.37 billion last quarter, which it attributed to subdued front-loading demand and unfavorable foreign exchange rates. The Hsinchu-based chip designer said that the forecast factored in the negative effects of an estimated 6 percent appreciation of the New Taiwan dollar against the greenback. “As some demand has been pulled into the first half of the year and resulted in a different quarterly pattern, we expect the third quarter revenue to decline sequentially,”
ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip assembly and testing service provider, yesterday said it would boost equipment capital expenditure by up to 16 percent for this year to cope with strong customer demand for artificial intelligence (AI) applications. Aside from AI, a growing demand for semiconductors used in the automotive and industrial sectors is to drive ASE’s capacity next year, the Kaohsiung-based company said. “We do see the disparity between AI and other general sectors, and that pretty much aligns the scenario in the first half of this year,” ASE chief operating officer Tien Wu (吳田玉) told an
RSS