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Government mulling postponement of electricity hike

2012/09/17 11:38:20

Taipei, Sept. 17 (CNA) Economics Minister Shih Yen-shiang said Monday that the government is considering postponing a second-stage electricity rate increase, scheduled for December, because of worse-than-expected global economic conditions.

Due to the lingering European debt crisis and the United States Federal Reserve's launch of a third round of quantitative easing, the government is inclined to postpone the electricity rate hike to minimize the impact on the Taiwan people, he said.

However, the government needs more time to assess various opinions on the issue and will make an official announcement later, Shih said at a press briefing.

(By Jeffrey Wu)