Taipei: Taiwan Power Co. (Taipower) has reported a record profit for the year 2025, achieving net earnings of NT$72.9 billion (US$2.32 billion), as announced by the state-owned utility on Tuesday. This marks a significant turnaround from a net loss of NT$41.1 billion in 2024, effectively ending a three-year streak of financial losses. Nonetheless, Taipower disclosed that its accumulated losses still amount to approximately NT$350 billion.
According to Focus Taiwan, the company’s board of directors has approved the 2025 financial results, noting that the profit surpassed the previous record of NT$61.7 billion set in 2015. A substantial portion of the profit, about NT$14 billion, was derived from non-core business activities such as improved property use and investment income. Meanwhile, earnings from power generation contributed nearly NT$60 billion, bolstered by an increase in electricity tariffs implemented last year.
Taipower has managed to absorb the impact of escalating fuel costs over recent years, primarily driven by geopolitical tensions like the Russia-Ukraine conflict, which inflated accumulated losses to over NT$420 billion. The profits generated in 2025 are slated for reducing these losses. In an effort to alleviate financial pressure, household electricity rates were increased by an average of 3.12 percent per kilowatt-hour from October 2025, while industrial rates remained unchanged.
The utility also highlighted that it received NT$50 billion in government subsidies in 2023, followed by an additional NT$250 billion during 2023-2024. These funds have been allocated to diversify power sources and enhance grid resilience. Moving forward, Taipower plans to streamline fuel procurement and optimize asset utilization, all while ensuring stable domestic power supplies.
Taipower emphasized that Taiwan’s average household electricity rate, at NT$2.89 per kilowatt-hour, remains significantly lower than those in Japan and South Korea, with industrial rates also being comparatively low. This positions local power tariffs as competitive in the regional market.