Taiwan's electricity supply ranks No. 2 for third straight year in World Bank report
Organization: Department of International Cooperation Publish Date: 2016-11-07 16:45
Sources: Economic-news, MOEA; www.doingbusiness.org/
Taiwan ranked 2nd out of 190 economies surveyed in terms of "getting electricity" in "Doing Business 2017," maintaining its runner-up position for the third consecutive year in the annual report by the World Bank.
The getting electricity indicator records the time, cost and number of procedures for small and medium enterprises to legally connect a commercial warehouse to the electrical grid, and also measures reliability of supply and the price of electricity. According to the report, reliability of electricity supply is critical for the development of the private sector, as well as for societies at large.
Taiwan achieved a score of 8 out of 8 in terms of reliability of supply and transparency of tariffs, and a DTF (distance to frontier) score for getting electricity of 99.44 out of 100, while the number of procedures was recorded at just three and the number of days at 22, and the cost, as a percentage of income per capita, amounted to 41.3. Republic of Korea placed at the top of the list in the report's getting electricity sub-index.
Meanwhile, Taiwan ranked 11th worldwide and 5th in the Asia-Pacific region in the report's overall ease of doing business survey, with New Zealand ranking as the most business-friendly country.