ReportedShipping, energy & marketsTaiwan
Taiwan plans $13 billion in energy support for Taipower and CPC
- Mountain Time
- Local time
- 5:00 PM in Taipei
- Where
- Taiwan
Taiwan plans the equivalent of $13 billion in additional energy spending to support state power utility Taipower and refiner CPC as higher oil and gas costs linked to the Iran war strain their price-stabilisation role.
Why it matters
The funding is intended to prevent state utilities from passing higher imported fuel costs directly to Taiwanese consumers and businesses.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels