At 10pm on Tuesday, the government announced a major about-face in its policy on electricity rates. Rather than the initial plan that would have seen household electricity rates increase by an average of 16.9 percent, commercial rates by 39 percent and industrial rates by 35 percent from May 15, President Ma Ying-jeou (馬英九) unveiled a scheme to implement the increase in phases.
There will be three stages, Ma said — 40 percent of the original increase on June 10 and 40 percent on Dec. 10, while the date when the remaining 20 percent increase is implemented depends on whether state-run Taiwan Power Co (Taipower) has presented an acceptable reform program to the government.