The Electricity Business Law revision—electricity market’s largest structural and management reform in 50 years—finally passed third reading at 18:32 on the 11th at the Legislative Yuan special session. DPP-led Legislative Yuan determined partitioning Taiwan Electric’s independent operations for private operators’ consumption.
The Electricity Business Law revision divides electricity into power generation, transmission/distribution, and sales sectors. Generation and sales open to private green energy operators, transmission/distribution networks maintaining government operation. Meanwhile, Taiwan Electric transforms into holding company, separating into two subsidiaries.
Taiwan Electric’s meat-carving story inevitably recalls former President Chen Shui-bian’s former trick partitioning Chunghwa Telecom to other telecom operators, with physical lines also left to Chunghwa Telecom, eventually Chunghwa Telecom (using taxpayer money) paid many redemptions, subsidizing other telecom operators.
This electricity law revision simply old dogs can’t play new tricks, yet still successfully distributes fat to few operators—absolute genius move, while the thankless transmission/distribution networks like messy leftovers stay with Taiwan Electric. After all that’s hard-earned taxpayer money, hard to extract, so leave it rotting.
Resembles the era following Chunghwa Telecom partitioning when Taiwan’s internet environment stayed terrible until today.
Tsai Ing-wen government clearly decisively distributing lucrative oil.
Unsurprising, inflation times dawn. Former President Ma Ying-jeou’s one oil-and-electricity price hike policy never even implemented yet DPP already flourished. This electricity law revision sees Taiwan social silence.
Taiwan truly has no salvation I think, yet don’t worry—even with prices constantly rising, your salaries absolutely won’t rise.
As for “market competition drives progress” talk—that’s operators eyeing Taiwan Electric profits deceiving people’s lies, sounding noble yet talking pure nonsense! Taiwan’s market total volume simply cannot support also don’t need numerous mixed private operators harvesting decades of Taiwan Electric’s hard work.
Taiwan’s truly wealthy barely pay taxes; salaried workers pay most. If using employee taxes subsidizing so-called vulnerable groups, would anyone feel comfortable?