The Taiwan Power Company, also known by the short name Taipower , is a state-owned electric power industry providing electricity to Taiwan and its off-shore islands.
History
Taipower was established on 1 May 1946. Its origins can be traced to 1919 when Taiwan Electric Power Co. was founded during Japanese colonial rule. In the subsequent decades, the Sun Moon Lake hydropower project was completed, and the company built a transmission line that connected northern Taiwan with the south.[5]
In 1994, a measure which allowed independent power producers (IPP's) to provide up to 20 percent of Taiwan's electricity should have ended the monopoly.[6] On 1 October 2012, Taipower allied with Taiwan Water Corporation to provide cross-agency integrated services called Water and Power Associated Service that accepts summary transactions between the two utilities. On 11 October 2012, the Economics Committee of the Legislative Yuan cut Taipower's budget for power purchases from IPP.[4]