Economy minister J.W. Kuo agreed that an electricity price hike in Taiwan is "inevitable" during a grilling by lawmakers about the profitability of state-run power firm Taipower.
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00:00Get ready to pay more for power. Taiwan's economy minister says electricity will likely
00:06get more expensive.
00:08J.W. Guo was responding to lawmakers who are grilling him about the profitability of state-run
00:13firm Taipower, the country's sole electricity supplier.
00:17Taipower has reported billions of dollars in losses. It also lost its government subsidies,
00:22part of a slash to the general budget.
00:25The CEO of electronics firm Pegatron recently suggested that keeping nuclear power could
00:30save Taipower money, as Taiwan looks to shutter its last remaining reactor this year.
00:35And Guo did not rule out this idea.