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Taiwan energy report

Taiwan energy report
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Format
3 files (PDF report, 2 Excel files)
Pages
31 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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890 €

Overview

This analysis includes a comprehensive Taiwan energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • Taiwan plans to reach a share of 20% of renewables in its capacity mix and to phase out nuclear in 2025.
  • It targets a 25% reduction in GHG emissions in 2030 compared to 2005, with a potential plan to expand it to 30%.
  • Two state-owned companies dominate the energy sector: Taipower for power (with around 2/3 of total generation) and CPC for hydrocarbons.
  • In 2024, for the first time, gas surpassed coal in the power mix, with 43% against 39% for coal. The share of coal has been declining since 2010 (-11 pp).
  • Solar capacity is increasing rapidly (2 GW/year since 2020) and solar now has a share of 5% of the power mix.
  • Gasoline and diesel prices declined slightly in 2024, while gas and electricity prices rose for industries.
  • Motor fuel prices are about 25% lower than in Japan.
  • Oil and coal represent around 67% of total energy consumption.
  • Electricity consumption per capita is 3 times higher than the Asian average.
  • The 5.5 GW Taichung coal-fired power plant will be decommissioned by 2035.
20 GW
solar capacity planned to be built by 2025
-25%
GHG emissions by 2030 (compared to 2005)
82%
of coal and gas in power mix (2024)

  • Institutions & Energy Policy

    The Bureau of Energy (BOE) of the Ministry of Economic Affairs (MOEA) is in charge of the energy sector.

    The Energy and Carbon Reduction Office coordinates green energy initiatives with a view to reducing Taiwan's carbon emissions.

  • Energy Companies

    Electricity:

    Taiwan Power Company (Taipower) is the national electricity company (96.92% state owned).

  • Energy Supply

    Gas:

    Gas production is negligible (0.1 bcm in 2024). Taiwan is a large importer of LNG (34.7 bcm in 2024, up from 14.5 bcm in 2010 and 5.8 bcm in 2000). In 2023, around 78% of the LNG was imported from 3 countries: Australia (40%), Qatar (28%), and the United States (10%).

  • Energy Prices

    Electricity:

    Electricity prices for industry, which had remained roughly stable since 2016, increased by 11%/year since 2022 to US$11.4c/kWh. Household electricity prices are stable (US$9.1c/kWh). Since 2014, the industrial-household electricity price differential has narrowed, and prices for industry surpassed those for households in 2023.

  • Energy Consumption

    The country's total consumption per capita reached 4.6 toe in 2024, which is three times higher than the Asian average (1.6 toe). Electricity consumption per capita is also 3 times higher than the regional average, at 11 200 kWh (2024).

  • Issues & Prospects

    Gas:

    The MOEA plans to increase the deployment of LNG with new LNG terminals.

  • GRAPH 1: CO2-Energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2024, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2024, %)
  • GRAPH 5: gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2024, %)
  • GRAPH 10: Final consumption market share by sector (2024, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Taiwan energy market data since 1990 and up to is included in the Excel file accompanying the Taiwan country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Taiwan Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Taiwan energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).