Taiwan Power Company

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Taiwan Power Company
台灣電力公司[1]
96.92% government, 3.08% public
Industry Electric power
Founded 1 May 1946
Headquarters Taipei City, Taiwan
Area served
Taiwan, Penghu, Kinmen, Lienchiang
Key people
Chu Wen-chen (Chairman)
Chu Wen-chen (President)[2]
Chen Pu-tsan (Vice President)[3]
Revenue NT$ 547,164 million (2012)[4]
Total assets NT$ 1,624,314 million (2012)
Total equity NT$ 282,642 million (2012)
Number of employees
27,261 (2012)
Parent Ministry of Economic Affairs
Website taipower.com.tw

The Taiwan Power Company (Taipower; Chinese: 台灣電力公司; pinyin: Táiwān Diànlì Gōngsī) is a state-owned electric power industry providing electricity to Taiwan and off-shore islands of the Republic of China.

History[edit]

Taipower was established on 1 May 1946. In 1994 a measure which allowed independent power producers (IPP's) to provide up to 20 percent of Taiwan's electricity should have ended the monopoly.[5] On 1 October 2012, Taipower allied with Taiwan Water Corporation to provide cross-agency integrated services called Water and Power Associated Service that accepts summary transactions between the two utilities. On 11 October 2012, the Economics Committee of the Legislative Yuan cut Taipower's budget for power purchases from IPP.[4]

In July 2015, the Executive Yuan approved the amendments to the Electricity Act which were proposed by the Ministry of Economic Affairs, which will divide Taipower into two separate business groups in the next five to nine years: a power generation company and a power grid company. The measures were taken to improve efficiency within the company and to encourage positive competition within the industry.[6]

On 20 October 2016, the Executive Yuan passed an amendments to the Electricity Act in which Taipower will be divided into subsidiary companies in 6-9 years.[7]

Department of Maintenance
Taiwan Power Research Institute

See also[edit]

References[edit]

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