TAIPEI (Taiwan News) — Electricity rates will remain unchanged until March 2022 in a record seventh consecutive freeze due to the COVID-19 pandemic, the government announced Thursday (Sept. 23).
The average price will stay at NT$2.6253 (US$0.09) per kilowatt-hour for the period from Oct. 2021 until March 2022, CNA reported. The Legislative Yuan approved a new formula to calculate the rate in 2015, but the most recent rise was recorded in early 2018.
The Ministry of Economic Affairs (MOEA) convenes a pricing review committee twice a year to decide whether to adopt electricity rates, with 3% set as the maximum range for a hike.
The latest decision was seen as a way of helping consumers withstand the impact of the COVID-19 pandemic, reports said.