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Taiwan Power Company
The Taiwan Power Company (Taipower; ) is a state-owned electric power utility providing electric power to Taiwan and off-shore islands of Republic of China. ==History== Taipower was established on 1 May 1946. In 1994 a measure which allowed independent power producers (IPP's) to provide up to 20 percent of Taiwan's electricity should have ended the monopoly. Since 1 October 2012, Taipower allied with Taiwan Water Corporation to provide cross-agency integrated service called ''Water and Power Associated Service'' as an integrated water and power services that accepts summary transactions between the two utilities. On 11 October 2012, the Economics Committee of the Legislative Yuan cut Taipower's budget for power purchases from IPP.〔http://www.taipower.com.tw/e_content/content/report/..%5C..%5C..%5CUpFile%5CCompanyENFile%5C2013Taipower_English_EBook.pdf〕 In July 2015, the Executive Yuan approved the amendments to the Electricity Act which was proposed by the Ministry of Economic Affairs in which will divide Taipower into two separate business groups under different management team; a power generation company and a power grid company. The measures were taken to improve efficiency within the company and to encourage positive competition within the industry. The separation shall be done within the next 5 to 9 years.〔http://www.chinapost.com.tw/taiwan/business/2015/07/17/440926/Taipower-to.htm〕
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