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Taiwan's electricity retail prices among world's lowest: Taipower


Taipei, March 31 (CNA) Taiwan has managed to maintain its retail electricity prices at low levels despite drastic fluctuations in global fuel prices, according to a report released Tuesday by the state-run Taiwan Power Company (Taipower).
The report showed that the average retail price of electricity supplied to industrial consumers in Taiwan stood at NT$1.8331 per kilowatt-hour (kwh) in 2007, which was the third lowest among 26 countries selected by the company for comparison.
The price was higher only than Norway's NT$1.5052 per kwh and France's NT$1.7560 per kwh, but significantly lower than neighboring South Korea's NT$2.1637 per kwh, Indonesia's NT$2.1678 per kwh, Malaysia NT$2.2201 per kwh, Singapore's NT$3.5121 per kwh, and Japan's NT$6.2404 per kwh, the report stated In terms of the average residential retail electricity price, the rate in Taiwan was NT$2.5855 per kwh in 2007, also the third lowest, behind Indonesia's NT$1.9901 per kwh and Malaysia's NT$2.3019 per kwh, according to the report The rate compared closely to South Korea's NT$3.1985 per kwh, Singapore's NT$4.4842 per kwh and Japan's NT$5.7067 per kwh.
Meanwhile, the average revenue per kwh of electricity sold by Taipower -- calculated by dividing total annual revenue by total annual retail sales -- amounted to NT$2.1484 in 2007, the report showed.
The figure was lower than Indonesia's NT$2.1878, Malaysia's NT$2.4351, South Korea's NT$2.8849, Thailand's 2.8972, the Philippines' NT$5.6177 and Japan's NT$5.7711.
The data was obtained from the International Energy Agency, the U.S. Energy Information Administration and Malaysia's largest electricity utility company Tenaga Nasional Berhad, Taipower said.
The average revenue per kwh of electricity sold by Taipower in 2008 was NT$2.3010. Data for other countries was not immediately available for comparison, the company said.
The report said that in 2008, Taipower produced a record 39.26 billion kwh of electricity through nuclear power, with the average cost per kwh amounting to just NT$0.62.
According to Taipower, besides being a cost efficient form of energy, nuclear power is also known to be environmentally friendly because no carbon dioxide is released in the production of electricity. The use of the 39.26 billion kwh of nuclear-generated electricity in Taiwan was equal to cutting carbon dioxide emissions by 25 million metric tons, the company said.
Meanwhile, the company's efforts to promote an automatic generation control system and governor-free operation also helped enhance power quality, with the average duration of power interruption per household dropping significantly from 165.4 minutes in 1992 to 20.81 minutes in 2008, according to the report.
(By Y.F. Low)

Updated : 2021-05-12 04:48 GMT+08:00