Taipei: Taiwan Power Co. (Taipower) transitioned from losses to profits between May and July, with a promising outlook for breaking even by the end of the year, announced chairman Tseng Wen-sheng on Monday. Tseng highlighted that the company's financial resurgence is largely due to favorable shifts in fuel prices and exchange rates, particularly noting that Brent crude oil prices have remained under US$70 per litre while natural gas stands at approximately US$12 per million British thermal units (BTU).

According to Focus Taiwan, Taipower's official website reveals that the state-owned energy firm reported a pre-tax loss of NT$15.5 billion during the first half of 2025, a significant reduction from the NT$60.2 billion loss recorded in the same period the previous year. Despite the financial aid from the Taiwanese government, which injected NT$250 billion into Taipower over the last three years, Tseng emphasized that these funds "cannot offset the accumulated losses."

Taipower's substantial accumulated losses, exceeding NT$400 billion, have been primarily attributed to the company's efforts to prevent inflation from escalating, Tseng explained. He noted that while some nations accept government subsidies, Taipower's financial recovery hinges on strategic decisions made by both the government and the Legislature.