Taipower held its 2025 Annual Shareholders' Meeting today  (June 27 ), briefing shareholders on its mission to ensure stable power supply for Taiwan while helping the government mitigate the impact of global developments on households and industries in recent years. Taipower noted that despite financial challenges, it sought a total of NT$300 billion in government budget subsidies over the past year, but none were approved by the legislature. To maintain the sustainable operation of Taiwan's electricity supply, secure the nation's power needs, and support economic development, Taipower will continue to seek government funding while doing its utmost to improve its own financial operations. Compared with the same period last year, losses from January to May this year have already narrowed by nearly NT$32 billion, a decline of over 50%.
The 2025 Annual Shareholders' Meeting was chaired by Taipower Chairman Wen-Sheng Tseng, with President Yao-Ting Wang delivering the 2024 Business Report. During the meeting, shareholders were also briefed on last year's corporate bond issuance, financial statements, and the approval of its deficit compensation proposal. Additionally, the biennial board member election was conducted during the meeting.
Taipower explained that the Russia-Ukraine war led to surging fuel prices globally. While other countries substantially raised electricity rates, further fueling inflation, Taipower instead chose to absorb nearly NT$600 billion in electricity costs for households and industries over the past three years to protect livelihoods and cushion inflationary pressures, resulting in significant financial losses. In 2023, Taipower recorded total revenue of NT$871.4 billion and expenditures of NT$912.5 billion, with a pre-tax net loss of NT$41.1 billion. After factoring in tax credits, the net loss remained NT$41.1 billion. As of the end of last year, cumulative losses stood at NT$422.9 billion.
Taipower stressed that a stable financial footing is crucial to protecting the public's right to reliable power and supporting  social and industrial development. In April this year, the Electricity Price Review Committee decided, in light of global trade tariffs and political-economic conditions, to freeze electricity prices, meaning Taipower continues to bear external cost pressures on behalf of households and businesses. To maintain financial soundness, Taipower has, over the past year, repeatedly sought a total of NT$300 billion in government funding to cover the costs it has absorbed to stabilize power prices, essentially subsidizing electricity for the entire nation, but these proposals have not been approved by the legislature. Taipower hopes for greater understanding and support from all sectors of society.
In addition to pursuing government subsidies, Taipower is also working to improve its own finances. For electricity price subsidies for schools and social welfare organizations, Taipower has, in accordance with the Electricity Act and the March 2024 resolution of the Electricity Price Review Committee, maintained preferential electricity rates but will reduce its direct subsidies starting this year. Relevant funding will now revert to the respective competent authorities for budgeting, which is expected to increase Taipower's annual revenue by nearly NT$4 billion. As for subsidized electricity for offshore islands, Taipower has absorbed losses exceeding NT$100 billion to date. Moving forward, Taipower will handle related matters through the national budgeting process under the Offshore Islands Development Act and will actively seek government budget allocations to cover them.
Furthermore, Taipower has adopted four key strategies to boost revenue and reduce expenses to strengthen its financial foundation: On the power generation and procurement side, it has refined its fuel procurement strategies. On the electricity retailing side, it has expanded green power resale and low-carbon power sales. In transmission and distribution, it has reduced expenditures by adjusting line installation fees and optimizing ancillary services. Furthermore, Taipower is investing in asset revitalization to expand revenue sources, making every effort to reduce losses. From January to May this year, Taipower recorded a loss of NT$28.5 billion, nearly NT$32 billion less than the same period last year, marking a reduction of more than 50%.

Spokesperson: Vice President Chih-Meng Tsai
Tel:  (02 )2366-6271/0958-749-333
Email: u910707@taipower.com.tw
Contact Person: Chief Secretary of Board Secretariat Shou-Fu Cheng
Tel:  (02 )2366-6210/0900-781-357
Email: u026726@taipower.com.tw