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2021-05-03 10:05
Bureau of Energy, Ministry of Economic Affairs

Energy Statistics in Q4 2020

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The booming economic activities in Q4 2020
Due to the booming economic activities in Q4 2020, domestic energy consumption increased compared to the same quarter last year and the same period last year respectively. On the contrary, energy supply went down, mainly due to the impact of the pandemic. Therefore, the production of refineries decreased, so did crude oil import. Moreover, coal import dropped in compliance with the coal-reduction policy.

1.Domestic Energy Consumption (table 1)

(1)Domestic energy consumption increased by 6.2% compared to the same quarter last year (figure 1).
Affected by the booming economic activities, industrial sector, transportation sector and service sector grew by 9.1%, 3.4% and 4.5% separately. Furthermore, the pandemic has led to the homebody (stay-at-home) economy which caused the residential sector to increase by 3.7%.

(2)Domestic energy consumption increased by 0.5% compared to the same period last year (figure 2).

i.Industrial sector increased by 0.9%: Owing to remote business opportunities, energy consumption of the electronics industry rose by 7.1%. Yet, other industries were still struck by the pandemic in early 2020, so the decrease of these industries offset the increase of the industrial sector.
ii.Transportation sector increased by 0.8%: The growth came from car fuel, the largest amount of energy consumption in the transportation sector (accounting for 97.9%). Car fuel increased by 1.0% with rise of domestic travel as the pandemic was well under control in Taiwan.
iii.Residential sector increased by 5.3%: The homebody economy as the result of the pandemic brought increase of energy consumption in residential sector.
iv.Service sector increased by 0.2%: The rising consumption was mainly contributed by the public services industry, which increased by 7.6% due to the surging purchase of oil for national defense in 2020. However, the consumption of electricity, which accounted for the majority of energy consumption, dropped by 1.1% as the pandemic impacted the economy acutely in the beginning of the year; the fall of electricity consumption offset the increase.

2.Energy Supply (table 2)

(1)Energy supply decreased by 7.5% compared to the same quarter last year since crude oil and petrochemical products, and coal and coal products reduced by 9.9% and 11.4% respectively (the reason of fluctuation is the same as below).

(2)The supply decreased by 6.9% compared to the same period last year (figure 3).

i.Crude oil and petrochemical products decreased by 12.5% because the import of crude oil dropped significantly by 16.8% as the export of oil products was severely affected by the pandemic in the international community, and the need of refining fell as the result.
ii.Coal and coal products (approximately 63% used in electricity generation) dropped by 6.2%. As the government continued to promote the coal-reduction policy, the demand of coal-fired generation declined, leading to the decrease of coal import.
iii.Natural gas (approximately 78% used in electricity generation) increased by 7.0%. Due to the energy transition policy, the demand of gas-fired generation escalated, resulting in the growing supply of natural gas.
iv.Nuclear reduced by 2.7% due to the decommissioning of Unit 2 at the First Nuclear Power Plant on July 16, 2019.
v.Renewable energy reduced by 1.4% mainly due to the significant decrease of precipitation. Consequently, hydro generation declined by 45.5%. Yet, solar photovoltaic and wind generation increased by 51.6% and 21.0% respectively.

3.The structure of energy electricity generation is headed towards the energy transition targets of "coal reduction, gas augmentation, nuclear elimination, renewable expansion" (figure 4).

In 2020, coal-fired generation dropped by 1.1%, gas-fired generation grew by 2.4%, nuclear reduced by 0.6%, and renewable energy decreased by 0.2% compared to 2019. Regarding renewable energy, affected by weather conditions, hydro generation fell sharply, but installed capacity of solar photovoltaic and wind generation continued to increase (by 40.2% and 1.0% respectively).

Examining the current situation, with the pandemic well under control in Taiwan and booming remote business opportunities, energy consumption increased. As for energy supply, it was greatly influenced by the international oil market, and ensuing development requires continued attention. All the above-mentioned data are disclosed in the "Energy Statistics Monthly (Dec. 2020) ", and the link is provided below.
https://www.moeaboe.gov.tw/ECW/populace/web_book/WebReports.aspx?book=M_CH&menu_id=142

Spokesperson for Bureau of Energy, Ministry of Economic Affairs: Deputy Director-General, Chun-Li Lee
Phone Number: 02-2775-7700
Mobile: 0936-250-838
Email: chunlee@moea.gov.tw

Business Contact: Director, Ming-Chih Chuang
Phone number: 02-2775-7710
Mobile: 0936-889-606
Email: mcchuang@moea.gov.tw
Files
2020 Q4 table & figure
Open 2020 Q4 table & figure.pdf (539.98KB)