The Ministry of Economic Affairs held its first electricity rate review committee meeting of the year on March 27, with the Chairman of the Chinese National Federation of Industries, Hsu Shu-po, revealing that electricity prices would remain unchanged. The opinions from all parties during this review were largely consistent, leading to an early conclusion.
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Iran has blocked natural gas transportation, causing many people in Taiwan to worry about skyrocketing electricity prices, but the electricity price for April has now been confirmed to remain unchanged. The Ministry of Economic Affairs’ first electricity rate review meeting this year ended on the afternoon of the 27th, wrapping up earlier than scheduled. Chairman Hsu Shu-po was the first to leave the venue and directly announced to the media that electricity prices would remain unchanged.
Minister of Economic Affairs Wang Mei-hua had previously stated that the electricity pricing policy prioritizes “stability of prices,” and external assessments had already indicated a high probability of maintaining current prices.
Hsu Shu-po emphasized multiple times before the review meeting that the situation surrounding the Iran conflict is uncertain, and the government should prioritize ensuring the stability of oil and natural gas supply. He pointed out that CPC Corporation had just raised oil prices on March 23, and if electricity prices were raised simultaneously, it would impose double pressure on industries and livelihoods.
“Electricity prices are extremely sensitive to price levels, and once increased, there is no turning back.”
He stated that once the chain reaction of rising prices is triggered, small vendors and businesses will be the first to suffer, and ordinary households will also find it difficult to escape.
Electricity prices had previously been raised by 11% in April 2025, and this freeze allows many businesses to temporarily catch their breath.
Hsu Shu-po also mentioned that the restart of Nuclear Power Plants 2 and 3 has been planned, and he supports the government in reintroducing a subsidy system to help Taipower cover cost gaps without directly raising electricity prices.
He simultaneously urged Taipower to accelerate the promotion of diversified power generation plans, including solar, geothermal, wind, and tidal renewable energy, with hopes for consensus across parties on this matter.