CPC Taiwan: June Residential Natural Gas Prices Frozen, Industrial Prices Up 5%

CPC Corporation, Taiwan, announced today that in line with the government's policy to stabilize domestic prices, residential natural gas rates for June 115 will not be adjusted. CPC will absorb the costs to alleviate the burden on households, commercial, and service sectors. Industrial users will see an average price increase of 5% to reflect costs.

CPC noted that the international energy market remains affected by geopolitical shifts in the Middle East. Based on the government-approved pricing formula, and given that previous periods have already reflected costs, electricity sector natural gas prices for June 115 will remain unchanged.

Regarding industrial users, CPC has absorbed over NT$140 billion between 2021 and April 115. While the formula suggests a much higher increase, CPC has opted for a 5% hike after assessing industrial capacity, with the remainder still being absorbed by the company.

CPC stated that since the outbreak of the US-Iran war on February 28, it has secured domestic supplies through measures like early procurement and spot market purchases. The company will continue to monitor international markets to balance business operations with government price stability policies.