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- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
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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.
- Taiwan plans a share of 20% of renewables in its capacity mix by 2025.
- The nuclear phase-out by 2025 is confirmed following a referendum in 2021.
- Two state-owned companies dominate the energy sector: Taipower for power generation (¾ of total production in 2022) and CPC for hydrocarbons.
- Coal represents 42% the power mix in 2022, but its share has been declining since 2010.
- Solar capacity is increasing rapidly (2 GW/year since 2020).
- All the crude oil needs are imported, with around half from the Middle East.
- Energy prices remained stable in 2022. Motor fuel prices are about two times lower than in Japan.
- Oil and coal represent around 70% of total energy consumption.
- Electricity consumption per capita is 3 times higher than the Asian average.
- The 5.5 GW Taichung coal power plant will be decommissioned by 2035.
Institutions & Energy Policy
The Bureau of Energy (BOE) of the Ministry of Economic Affairs (MOEA) is in charge of the energy sector.
Taiwan Power Company (Taipower) is the national electricity company (96.92% state owned).
Taiwan's fossil resources are very limited.
Electricity prices have remained roughly stable since 2016. They were US$8.6c/kWh and US$9.3c/kWh, respectively, for the industrial and household sectors in 2022. Since 2014, the industrial-household electricity price differential has narrowed, from almost 20% less for industry in 2010 to just 8% in 2022.
The country's total consumption per capita reached 4.5 toe in 2022, which is three times higher than the Asian average (1.5 toe). Electricity consumption per capita is also 3 times higher than the regional average, at 11,200 kWh (2022).
Issues & Prospects
Taipower's long-term Power Development Programme foresees average growth in electricity consumption of 5%/year, the installation of 20 GW in large thermal capacity additions from 2017 until 2028, and 14.5 GW of retirements (11.5 GW of thermal and 3 GW of nuclear).
- GRAPH 1: CO2-Energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2022, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2022, %)
- GRAPH 5: gasoline & diesel prices (US$/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 (2022, %)
- GRAPH 10: Final consumption market share by sector (2022, %)
- 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).