Taiwan’s industrial sector, including the world’s largest contract chipmaker, will be hit with the island’s first power price increase in four years as the state-owned utility grapples with soaring fuel costs.
About 22,000 large industrial users will pay 15% more for high voltage and ultra-high voltage electricity, the Ministry of Economic Affairs said in a press release. A small number of homes that consume large amounts of electricity will also face a 9% hike on a portion of their usage, the ministry said. The adjustments will take effect July 1.
