Industrial Association Calls for Stable Electricity Prices to Protect Taiwan's Industry and Employment

Pant Chun-Jung, the chairman of the Industrial Association, pointed out that industries are currently facing multiple uncertain factors and urged all political parties to come together to foster stable industrial development. Recently, in response to the U.S. imposing tariffs on products from various countries, the Executive Yuan passed a special bill totaling NT$410 billion, which includes NT$100 billion to subsidize Taipower and NT$93 billion for industrial support programs. The Industrial Association expressed support, stating that subsidizing Taipower can effectively stabilize electricity prices and alleviate the impact of energy costs on prices, urging collaboration across political lines in the Legislative Yuan to assist Taiwan's industries in overcoming challenges.
Pant noted that the uncertainty in global trade is intensifying, and only by stabilizing domestic energy prices and providing support measures can businesses enhance their resilience. According to the latest statistics from the Ministry of Labor, 131 companies and 2,266 employees have implemented unpaid leave, indicating that industries are facing shrinking orders and operational pressures.
The Industrial Association emphasized that the government’s proposed special bill can provide forward-looking support for industries, particularly the NT$100 billion allocated to Taipower, which will be crucial for stabilizing electricity prices. Moreover, industries are facing not only external tariff and economic risk pressures but also the dual challenge of rising material and energy costs. If electricity price fluctuations cannot be controlled, it will increase the burden on businesses and further impact consumer spending.
The Industrial Association reiterated its support for subsidizing Taipower and hopes that political parties in the Legislative Yuan will transcend party interests to complete legislative processes that will assist industries in easing their burdens and allow Taiwan's economy to grow steadily.