Elec­tric­ity rates to rise, gas prices to fall from to­day

The China Post - - LOCAL - BY JOHN LIU

Sum­mer elec­tric­ity rates be­come ef­fec­tive to­day. With the ex­cep­tion of house­holds that use 120 kilo­watt- hours ( kWh) or less per month, con­sumers are fac­ing higher rates be­tween June and Septem­ber.

Util­ity con­sump­tion typ­i­cally goes up in the sum­mer as peo­ple turn on air con­di­tion­ing to cope with high tem­per­a­tures. But to cope with the surge in de­mand, Tai­wan Power Com­pany ( Taipower, ) must em­ploy more costly gen­er­a­tors.

Util­ity rates are cat­e­go­rized into sum­mer and non-sum­mer prices, so as to re­flect higher cost struc­ture dur­ing the sum­mer and to prompt peo­ple to con­serve en­ergy.

Pro­gres­sive elec­tric rates are ap­plied be­tween June and Septem­ber. The more one con­sumes the higher rate per kWh one has to pay.

House­holds whose monthly use av­er­age 120 kWh or less will be charged NT$1.89 per kWh. The rate stays the same as in non­sum­mer months.

Homes that con­sume be­tween 121 and 330 kWh will pay NT$2.73 per kWh. House­holds that use 331 to 500 kWh, and 500 and 700 kWh, will pay NT$4 and NT$5.15 per kWh, re­spec­tively.

Homes that use be­tween 700 and 1,000 kWh will pay NT$ 5.99 per kWh. Heavy users who con­sume more than 1,001 kWh will pay the high­est rate of NT$ 6.71

per kWh.

Lower Costs Com­pared with Last

Year

The new rate is ex­pected to af­fect some 9.5 mil­lion house­holds. For house­holds that use 330 kWh a month, they have been charged NT$735 up un­til now, but in the sum­mer, they will have to pay NT$800 a month, a NT$65 dif­fer­ence.

For house­holds that use 500 kWh a month, they are now pay­ing NT$1,296, but their elec­tric­ity bills will in­crease by NT$184 to NT$1,480 in the fol­low­ing months.

Nev­er­the­less, Taipower stressed that this year’s rates are lower than last year’s. A 7.34-per­cent down­ward rate ad­just­ment was im­ple­mented in April, which is ap- pli­ca­ble to both sum­mer and non­sum­mer months.

In other words, homes that con­sume the same amount of en­ergy this year as last year will pay less. For ex­am­ple, a house­hold that uses 500 kWh will re­al­ize a sav­ing of NT$20 com­pared with last year.

Gaso­line Prices Fell Fur­ther

Mean­while, gas prices are go­ing down. State-run oil re­finer CPC Corp. (CPC, ) an­nounced yes­ter­day that its gaso­line prices will be cut NT$0.3 per liter and diesel prices NT$0.4 per liter, ef­fec­tive to­day.

Af­ter the ad­just­ment, CPC will charge NT$ 25.6, NT$ 27.1 and NT$29.1 per liter for its 92-oc­tane, 95-oc­tane and 98-oc­tane un­leaded gaso­line, re­spec­tively, and NT$21.7 per liter for its pre­mium diesel.

The an­nounce­ment marked the third con­sec­u­tive down­ward ad­just­ment. Prices of un­leaded gaso­line and diesel have dropped NT$0.7 and NT$0.8, re­spec­tively, in to­tal.

Pri­vately- run For­mosa Petro­chem­i­cal Corp. ( ) fol­lowed suit yes­ter­day, an­nounc­ing at 5 p. m. that it will cut gaso­line and diesel prices by the same amount.

Af­ter the cut, its prices are NT$25.4, NT$27 and NT$29.3 per liter for 92-oc­tane, 95-oc­tane and 98-oc­tane un­leaded gaso­line re­spec­tively and NT$23.3 for pre­mium diesel.

Ap­pre­ci­a­tion of the U.S. dollar and over­sup­ply of crude oil have con­trib­uted to the de­crease in prices, For­mosa Petro­chem­i­cal said.

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