20%
share of renewables in capacity mix (2025)
Taiwan energy report
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 2020 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.
Update:
July 2021
Format:
3 files (PDF report, 2 Excel files)
Pages:
29 (Report only)
Delivery:
Immediate by e-mail
Price:
790 €
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).
Highlights
- Taiwan's energy policy considers a nuclear phase-out by 2025 and a 20% renewable share in its capacity mix by 2025.
- The 1.2 GW onshore wind objective for 2020 was missed as it reached 800 MW.
- Taiwan's energy sector is dominated by two national companies, Taipower and CPC.
- Renewables (including hydro) accounted for 20% of the power mix in 2020.
- Coal imports are stable since 2011.
- Oil and gas prices are following international prices. Electricity prices have remained stable since 2016.
- Oil and coal are still the main fuels consumed.
- Total energy consumption per capita is 3 times higher than the Asian average.
- Taiwan targets 20 GW of solar by 2025 and over 15 GW of offshore wind by 2035.
- A new referendum on the activation of the mothballed 2.6 GW Lungmen nuclear power plant will be held in August 2021.
5th
largest LNG importer in the world (2020)
-2.3%
annual variation in energy intensity since 2010
Abstract
Institutions & Energy Policy
The Bureau of Energy (BOE) of the Ministry of Economic Affairs (MOEA) is in charge of the energy sector.
Energy Companies
Electricity:
Taiwan Power Company (Taipower) is the national electricity company (96.92% state owned).
Energy Supply
Oil:
Taiwan imports all its crude oil needs (39 Mt of crude in 2020). Around half of the crude oil is imported from the Middle East, 33% from Saudi Arabia, 20% from Kuwait, and 20% from the United States (2020). Oil product imports and exports are close (14.8 Mt of imports and 12.2 Mt exports in 2020).
Energy Prices
Electricity:
Electricity prices have remained roughly stable since 2016. They were US$8.2c/kWh and US$8.9c/kWh, respectively, for the industrial and household sectors in 2019. Since 2014, the industrial-household electricity price differential has narrowed, from almost 20% less for industry in 2010 to just 8% in 2019.
Energy Consumption
The country's total consumption per capita reached 4.5 toe in 2020, which is three times higher than the Asian average (1.4 toe in 2019). Electricity consumption per capita is also 3 times higher than the regional average, at around 10 750 kWh (2020). However, the total energy intensity has been decreasing rapidly and regularly since 2010 (-2.3%/year).
Issues & Prospects
Electricity:
Taipower's long-term Power Development Programme foresees average growth in electricity consumption of 5%/year, the installation of 20 GW in large thermal capacity additions from 2017 until 2028, and 14.5 GW of retirements (11.5 GW of thermal and 3 GW of nuclear).
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Taiwan energy market report graphs:
- GRAPH 1: CO2-Energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2020, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2020, %)
- GRAPH 5: gasoline & diesel prices (US$/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 (2020, %)
- GRAPH 10: Final consumption market share by sector (2020, %)
In the Taiwan energy market report you will find the following tables:
- 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 2020 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).
The Taiwan country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.
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