Core Viewpoint - Taiwan will increase residential electricity prices starting in October, impacting over 14 million users, amidst criticism of the government's energy policy and its neglect of nuclear power's role in the energy structure [1][2][3] Group 1: Electricity Price Increase - The average electricity price will rise by 0.71%, with residential prices increasing by 3.12%, while industrial prices remain unchanged [1] - The increase is expected to affect approximately 13.77 million residential users and 1.05 million small business users [1] - The government claims this price hike will generate an additional NT$6 billion (approximately 0.2 billion USD) for Taiwan Power Company (Taipower) [3] Group 2: Economic Impact - The current job market in Taiwan is struggling, with 333 companies implementing unpaid leave affecting 7,334 workers, indicating a challenging economic environment [1] - Small businesses, particularly in the food service industry, are likely to pass on the increased electricity costs to consumers, leading to higher food prices [2][3] - The financial situation of Taipower is dire, with accumulated losses reaching NT$417.9 billion (approximately 13.9 billion USD) by the end of July [2] Group 3: Criticism of Energy Policy - Critics argue that the government's decision to phase out nuclear power in favor of more expensive natural gas and renewable energy sources has led to significant financial losses for Taipower and higher costs for consumers [3] - A recent vote initiated by the Taiwan People's Party to restart the third nuclear power plant received overwhelming support, reflecting public dissatisfaction with the current energy policy [3] - The ongoing high electricity prices are seen as a burden on small and medium-sized enterprises, potentially leading to further economic challenges and job losses [3]