Taiwan Electricity Price Hike 'Inevitable': Economy Minister

TaiwanPlus News

Economy minister J.W. Kuo agreed that an electricity price hike in Taiwan is "inevitable" during a grilling by lawmakers about the profitability of state-run power firm Taipower.

Transcript

00:00Get ready to pay more for power. Taiwan's economy minister says electricity will likely

00:06get more expensive.

00:08J.W. Guo was responding to lawmakers who are grilling him about the profitability of state-run

00:13firm Taipower, the country's sole electricity supplier.

00:17Taipower has reported billions of dollars in losses. It also lost its government subsidies,

00:22part of a slash to the general budget.

00:25The CEO of electronics firm Pegatron recently suggested that keeping nuclear power could

00:30save Taipower money, as Taiwan looks to shutter its last remaining reactor this year.

00:35And Guo did not rule out this idea.

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