TAICHUNG (TVBS News) — The head of Taichung Mass Rapid Transit (TMRT, 台中捷運公司) announced on Wednesday (Nov. 6) that electricity expenses have surged nearly 30% this year. Despite these increases, the company has no immediate plans to raise ticket prices.
TMRT Chairman Yen Pang-chieh (顏邦傑) addressed city councilors, noting that electricity prices rose 14% in May and October. He estimated that TMRT's electricity bill would exceed NT$100 million this year, compared to over NT$90 million last year and around NT$76 million the year before.
Yen revealed that all five major rapid transit companies in Taiwan have jointly suggested to the Executive Yuan (行政院) that public transportation should receive electricity discounts. However, the Executive Yuan responded that Taiwan Power Company (台灣電力公司) has no such plans.
Yen emphasized that rising electricity costs continue to strain Taichung Mass Rapid Transit's finances despite increased ridership. He remains hopeful for a concession from Taiwan Power Company.
Meanwhile, Taipei Rapid Transit Corporation (TRTC, 台北捷運公司) has seen electricity prices rise by 75% over the past three years, increasing costs by NT$1.4 billion.
TRTC President Huang Ching-shinn (黃清信) stated that the company projects a NT$240 million loss next year. The company will continue promoting side businesses to avoid fare hikes, but Huang noted that fare increases are only a matter of time.