MOEA to Continue Discussions on SOE Electricity Sales Platform and Diverse Power Options

To purchase offshore wind power, companies are required to have an international credit rating and must sign substantial corporate power purchase agreements (CPPAs) 3 to 4 years before grid connection. Given the 20-year procurement period, this imposes a significant burden. The Ministry of Economic Affairs (MOEA) is currently planning to establish a "state-owned enterprise (SOE) electricity sales platform for bulk procurement and distribution." This platform will serve as an Entity that first signs CPPAs with offshore wind developers and then resells small quantities and short-term green power to enterprises. The mechanism enables purchasing enterprises to avoid signing 20-year CPPAs with offshore wind developers in advance, facilitating corporate green power procurement.

The MOEA stated that the SOE electricity sales platform focuses on the bulk procurement and distribution of offshore wind power and does not involve the current mainstream green power transactions of solar photovoltaics. Private electricity sales companies can also participate in the redistribution operations of the SOE electricity sales platform. The MOEA will continue to communicate with various sectors and stakeholders.

Additionally, to assist enterprises in reducing carbon emissions and enhancing international competitiveness, Taiwan Power Company is considering multiple power options. In addition to regular and green power, TPC is exploring providing low-carbon power options. However, the proposal requires further discussion and deliberation and has not yet been finalized.