The Taiwan Power Company (Chinese: 台灣電力公司; pinyin: Táiwān Diànlì Gōngsī; Pe̍h-ōe-jī: Tâi-oân Tiān-le̍k Kong-si, Taipower; Chinese: 台電; pinyin: táidiàn; Pe̍h-ōe-jī: Tâi-tiān) is a state-owned electric power industry providing electricity to Taiwan and off-shore islands of the Republic of China. Taipower was established on 1 May 1946. Its origins can be traced to 1919 when Taiwan Power was founded during Japanese colonial rule. 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. On 1 October 2012, Taipower allied with Taiwan Water Corporation to provide cross-agency integrated services called Water and Power Associated Service 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. More information...
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