Industry Electric power Website taipower.com.tw Founded 1 May 1946 Total assets 1.624 trillion TWD (2012) | Number of employees 27,261 (2012) Headquarters Taiwan Revenue 547.2 billion TWD (2012) Total equity 282.6 billion TWD (2012) | |
Type 96.92% government, 3.08% public Area served Taiwan, Penghu, Kinmen, Lienchiang Key people Chu Wen-chen (Chairman)
Chu Wen-chen (President)
Chen Pu-tsan (Vice President) Parent organization Ministry of Economic Affairs Profiles | ||
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The Taiwan Power Company (Taipower; Chinese: 台灣電力公司; pinyin: Táiwān Diànlì Gōngsī) is a state-owned electric utility providing electricity to Taiwan and off-shore islands of the Republic of China.
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0403 13another taipower dispute electricity towers
History
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. 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.
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 5 to 9 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.
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.