Asia-Pacific
With a power score of 2.28, Taiwan ranks number 22 among Emerging Markets and number 5 in the Asia-Pacific region
Power score
2.28/5
Score over time
2021 - 2024
Taiwan has a power score of 2.28, which puts it at rank 22 in the Emerging Markets power ranking. In comparison to 2023, Taiwan has dropped in the power rankings by 10 places, from rank 12, to rank 22.
At 2.28, the power score of Taiwan is better than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 5 in the region.
Taiwan implements policies in 8/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Net metering, Import tax incentives, Priority grid access, Renewables mandate, and Renewable Energy Certificates.
The average electricity price in Taiwan has increased from 97.01 USD/MWh in 2022 to 99.68 USD/MWh in 2023. Since 2017, the average electricity price in Taiwan has fluctuated between 92.68 USD/MWh (2017) and 101.00 USD/MWh (2021).
The top amount of capacity installed in Taiwan in 2023 was in Coal at 33.93%, down from 35.65% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 8.39%, up from 6.16% in 2022.
The top amount of electricity generated in Taiwan in 2023 was in Coal at 42.84%, up from 42.52% in 2022. The technology with the biggest increase in electricity generated in 2023 was Wind at 2.23%, up from 1.24% in 2022.
Investment in clean energy in Taiwan was around $7,408.98 million in 2023, an increase of 249.1% from 2022 ($2,122.29 million). Between 2018 and 2023, the highest investment in clean energy was in 2019 at $8,349.84 million, while the lowest was in 2018 with $1,440.41 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.