FTC Approves Merger Involving Taiwan Smart Electricity & Energy　Reinforcing Support for Corporate Green Power Procurement

On July 2, the Fair Trade Commission (FTC) approved the merger filing submitted by Taiwan Smart Electricity & Energy, allowing six companies—China Steel Corporation, CPC Corporation, Chunghwa Telecom, ASE Group, UMC, and Tung Ho Steel, to jointly operate Taiwan Smart Electricity & Energy's electricity purchase and sales business. In addition to government-affiliated enterprises, major corporations with significant green energy demands have also actively participated in investing in Taiwan Smart Electricity & Energy.

Following the merger approval, Taiwan Smart Electricity & Energy will proceed with the next round of capital increase and deepen its collaboration with wind farm operators scheduled to connect to the grid before 2030. The company has already engaged with projects from both R3.1 and R3.2 phases. Once the new board of directors is established, procurement evaluations and decisions will follow.

Taiwan Smart Electricity & Energy pointed out that, beyond supply chain decarbonization pressures, many domestic enterprises are also motivated to procure green power due to participation in initiatives such as RE100, SBTi, or ESG commitments. For companies without international credit ratings or with electricity demand below the threshold for direct contracting with wind farms, Taiwan Smart Electricity & Energy will assist in acquiring green power resources through a "Centralized purchasing and distribution" model, becoming a vital platform for supporting corporate low-carbon transitions. Companies with green power needs are encouraged to contact Taiwan Smart Electricity & Energy to inquire about procurement services.

Taiwan Smart Electricity & Energy added that in addition to centralize green power procurement and sales, it will also help clients address surplus electricity generated from usage patterns and fulfill backup power capacity obligations associated with green power purchases. This includes matching supply-demand imbalances and integrating backup capacity resources to reduce the burden of power procurement while striving for high green power penetration.

Taiwan Smart Electricity & Energy emphasized that the approval of this merger reflects the government's recognition of the importance of Taiwan's green power market and corporate green electricity demand. The company also expressed gratitude for the support from the Executive Yuan and the Ministry of Economic Affairs. Taiwan Smart Electricity & Energy 's establishment does not crowd out existing green power sales models in Taiwan but rather complements them. Going forward, Taiwan Smart Electricity & Energy will continue to play a key role in supporting corporate green power procurement, enhancing the efficiency of the green electricity trading market, and creating a win-win situation for businesses, wind farms, and electricity retailers.