According to MOEA, the Ministry of Economic Affairs (MOEA) is cogenerating to promote the replacement of coal with natural gas used in cogeneration in line with Taiwan’s goal of achieving net zero carbon emissions in 2050. Drafted a draft amendment to the regulations on.
Considering that most co-generators use coal to generate heat, this amendment adds a pricing mechanism for the sale of co-generated electricity based on the fuel category, where the co-generator is state-owned Taiwan Power Company. Cancel the existing pricing method for selling electricity to the company (Taipower).
This amendment will allow cogeneration generators to set the selling price of generated electricity based on actual cogeneration costs. Therefore, the price of natural gas-based power generation is expected to be higher than that of coal-based, which means cogeneration replacements of coal-fueled cogeneration equipment with natural gas-fueled cogeneration equipment. It’s an incentive to encourage that.
Another reason for the amendment is the reduction in electricity cogeneration due to the significant rise in international coal prices. According to Taiwan Power’s statistics, there was a total of 1,621 million kWh of co-generated electricity between January and May 2022, a decrease of 47.28% over the previous year. Meanwhile, the co-generator purchased 1,376 million kWh of electricity from Taiwan Power Company, raising 184.2% of the year-on-year electricity. As a result, this amendment takes into account that the increased consumption of co-generators of electricity supplied by Taiwan Power will unexpectedly increase the overall load load.
https://www.digitimes.com/news/a20220622PD204/net-zero-taiwan.html?chid=13 MOEA amends cogeneration regulations in line with efforts to reduce carbon emissions