Go To Content

Ministry of Economic Affairs,R.O.C.

:::
What's New
2025-10-21 13:58
Energy Administration, Ministry of Economic Affairs

Ministry of Economic Affairs Releases the 2024 National Electricity Supply and Demand Report

Hits: 18
Ministry of Economic Affairs Releases the 2024 National Electricity Supply and Demand Report
On September 26, the Ministry of Economic Affairs (MOEA) released the "2024 National Electricity Supply and Demand Report," outlining Taiwan's electricity demand forecast and power development plans for the next decade (2025-2034). Taking into account the impacts of the AI technology development, semiconductor industry expansion, the implementation of reciprocal tariffs by the United States, and reflecting the anticipated results of deep energy-saving measures, the report projects an average annual electricity demand growth rate of approximately 1.7%. Taiwan will continue to promote a variety of renewables and gas-fired power plants, ensuring a stable supply of electricity.

According to the MOEA, global demand for AI and emerging technology applications remains strong in 2025; however, production in some industries has slowed down as a result of the U.S. reciprocal tariffs. Under these opposing forces balanced out, the economy grew by 6.75% in the first half of the year (January-June), while electricity consumption declined by 1.1% compared to the same period last year. The MOEA further explained that projections of future electricity demand have already taken into consideration factors such as the adjustment to meet the expansion schedules of semiconductor plants and investment developments in major AI and emerging industries. The Report also reflects energy-saving effects of the Deep Energy-Saving Initiative, estimating an average annual electricity demand growth rate of about 1.7% from 2025 to 2034, which is similar to the electricity consumption trends of major industrial competitors such as Japan and South Korea.

In terms of electricity supply, the MOEA noted that Taipower is still performing safety inspections related to the natural gas pipeline leak at Xingda Power Plant on September 9 this year. Since construction work was affected by the incident, the commissioning of Xingda's new No. 2 gas-fired unit is expected to be delayed until May 2026. The Report provides a pragmatic assessment of the progress in constructing new gas-fired generation units at Taipower's Taichung, Tongxiao, and Dalin power plants. The report also includes the latest Independent Power Producers (IPP) gas-fired power projects such as Kuo Kuang Power and Mai Liao Power. The report projects gas-fired power generation to add a net 12.2GW of capacity over the 2025-2034 period, which meets long-term power demand growth, while maintaining stable electricity supply for the evening hours.

Regarding the expansion of renewable energy installations, the MOEA stated that it will continue to promote renewable energy sources such as solar photovoltaics, offshore wind, geothermal, and small hydropower, in accordance with President Lai's Second Energy Transition policy, so to achieve the targets of 20% renewables by November 2026 and 30% by 2030. At the same time, the MOEA is taking a pragmatic approach in reviewing the current status of the power system. When solar electricity is abundant during the day, and electricity supply pressure shifts to evening peak hours, high-efficiency gas-fired power units will serve as the main source of night time power, with energy storage systems and hydropower dispatched as needed.

Lastly, the MOEA emphasized that, in light of the rapidly changing international trade situation, the government must conduct annual reviews on a rolling basis, taking all electricity demand into account and assessing both industrial and residential electricity needs. Under the Energy Transition policy and the Net-Zero pathway, the government is proactively promoting various power programs to foster a low-carbon environment while ensuring a stable electricity supply.

Spokesperson: Deputy Director General, Chih-Wei Wu
Energy Administration, Ministry of Economic Affairs
Phone: +886-2-2775-7750 / +886-922-339-410
Email: [email protected]

Business Contact: Director, Yu-Chuan Hsia
Energy Administration, Ministry of Economic Affairs
Phone: +886-2-2775-7753 / +886-910-668-295
Email: [email protected]