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Taiwan will end nuclear power generation until 2025

The Parliament in Taiwan modified the law of energy so that the new regulations ask the state to end nuclear power generation until 2025, DigiTimes writes. Taiwan has three nuclear power plants at the moment.

The document also claims that Taiwan should split the Taipower energy company in independent electricity generation, distribution and sale business units in the next 6 to 9 years.

The law also gives renewable energy priority to go on grid and allows producers to sell energy directly to consumers. At the moment, all energy needs to be sold through Taipower.

Finally, the Taipei government will establish an electricity price stabilization fund to prevent drastic fluctuations in electricity price.

Daniel Higgson