Taiwan raises electricity rates for large industrial users, including TSMC, by 15-25%, and household users by 3-10%, starting April 1.
Taiwan is set to raise electricity rates for large industrial users, such as Taiwan Semiconductor Manufacturing Co., by 15-25% starting April 1. Household users will see an increase between 3-10%. These changes aim to support Taiwan Power Co., which has experienced consecutive annual losses. The rise in electricity prices may increase consumer prices and pose a long-term threat to TSMC's profitability, as Taiwan relies heavily on imported coal and natural gas.
March 22, 2024
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