Taiwan is reviewing draft amendments to the Natural Gas Business Act, aimed at empowering the energy regulatory authority to review natural gas prices and basic fees on a periodic basis. Revisions to the act are summarized as follows:
• Public natural gas utilities should satisfy the demands of households, commercial enterprises and service enterprises before supplying natural gas to other sectors. (Clarification on Article 33)
• The regulatory authority may review natural gas prices and basic fees on a periodic basis, with assistance from the review committee mentioned in the second paragraph of Article 32. (Addition to Article 34)
• For greater flexibility and effectiveness, the regulatory authority may commission professional agencies to help conduct business inspections. (Addition to Article 52)
• In all penalty provisions, the phrase "may be consecutively penalized each time" should be reworded as "may be penalized each time." (Legal style change to Articles 58 to 63)
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.