Taiwan raises electricity rates for industrial users by an average of 12.5%
[Four Energy Advances Helping Companies Save Energy and Reduce Carbon Emissions]
As global energy prices continue to fluctuate, Taiwanese companies are facing tremendous cost pressure. The Ministry of Economic Affairs’ Electricity Price Review Conference recently decided that starting from October 16, 2024, industrial electricity prices will increase by an average of 12.5%, and some industries will increase the rate by as much as 14%. For industries whose electricity consumption declines or whose performance declines and meets the standards, a freeze increase or a halving increase to 7% will be given. Faced with the challenge of soaring energy costs, the Ministry of Economic Affairs proposed “Three Arrows” to help industries save electricity, and 5Cloud also provided corresponding support to help enterprises respond to this wave of rising electricity prices in multiple ways and achieve the goals of energy conservation and carbon reduction.
The Ministry of Economic Affairs’ Three Arrows Policy: Comprehensive Power Saving Strategy
In response to the sharp rise in industrial electricity prices, the Ministry of Economic Affairs has proposed a “three-arrows” policy to help industries reduce energy costs. Specific measures include power-saving diagnostic counseling, energy-saving equipment investment deductions, and diversified power-saving incentives.
First, the Ministry of Economic Affairs provides a professional team for power-saving diagnostic counseling to assist enterprises in conducting power consumption diagnosis and propose comprehensive power-saving suggestions to improve the actual needs of each enterprise. In addition, the Ministry of Economic Affairs also cooperates with energy service companies (ESCO) to help companies implement power-saving plans and ensure that energy-saving goals are achieved.
Secondly, the energy-saving equipment investment deduction policy encourages companies to invest in smart energy-saving equipment. If an enterprise installs or replaces energy-saving equipment, it can obtain smart equipment investment deductions in accordance with the “Industrial Innovation Regulations” to reduce the cost burden of investing in energy-saving equipment. This can not only improve energy efficiency, but also promote deep energy conservation in enterprises.
Finally, multiple energy-saving incentive measures include energy-saving performance guarantee projects, waste heat and waste cold recovery, and improvement of power and utility equipment. The Ministry of Economic Affairs provides eligible companies with subsidies ranging from 20% to 50% of their power-saving improvement funds to encourage companies to invest more resources to improve energy efficiency.
5Cloud four-energy strategies: comprehensive support for deep energy conservation and carbon reduction
In response to the “Three Arrows” policy of the Ministry of Economic Affairs, 3Egreen’s partner 5Cloud provides comprehensive technical support to help enterprises achieve practical results in energy conservation and carbon reduction. Specific measures include:
- Power consumption diagnosis and system establishment: 5Cloud uses the Carbon Box system to assist enterprises in power consumption diagnosis, and through real-time monitoring and analysis, helps enterprises establish systematic energy saving and carbon reduction plans.
- Suggestions on energy-saving equipment: 5Cloud provides specific suggestions on investing in energy-saving equipment based on enterprise needs to help enterprises effectively cope with rising energy costs.
- Energy-saving performance guarantee and waste heat recovery: 5Cloud has also planned several energy-saving performance guarantee projects, and has rich achievements in ice water host optimization, waste heat and waste cold recovery technology, helping companies make full use of energy and improve overall efficiency.
In addition, 5Cloud also provides “digital three-in-one carbon inventory” services, including ISO 50001 energy management, ISO 14064 greenhouse gas inventory, and ISO 14067 product carbon footprint inventory, helping companies identify key links in energy consumption in the production process, and formulate effective carbon reduction strategies accordingly. 5Cloud additional consulting services also help companies successfully introduce energy management and carbon emission inventory systems, so that companies can have a clearer understanding of their own carbon emissions and make improvements based on specific data.
Applications and Case Analysis
In terms of applications, “Taiwan Perovskite Solar Corp.” and Shuolong Precision Industry are both successful cases. “Taiwan Perovskite Solar Corp.” is Taiwan’s first perovskite zero-carbon factory. The TROPOX brand of Fengyi Group, 5Cloud and Taiwan Perovskite Technology have jointly established an intelligent management system. The factory combines the four-energy strategy of energy creation, energy storage, energy conservation and intelligence, achieving a breakthrough application of perovskite solar technology and greatly improving production efficiency and energy utilization. Through TROPOX’s energy management system, factories can monitor energy consumption in real time to achieve energy conservation and carbon reduction goals.
Shuolong Precision Industry is the hidden champion in Taiwan’s automotive fastener market. When faced with the challenge of the European Union’s Carbon Border Adjustment Mechanism (CBAM), it chose to cooperate with 5Cloud, 3Egreen’s consulting partner to carry out dual-axis transformation-digital and zero-carbon transformation. Through 5Cloud three-in-one digital carbon inventory service, Shuolong Precision can instantly grasp the carbon emission data in the production process and conduct in-depth analysis of the sources and trends of carbon emissions through the Carbon Box system to formulate practical carbon reduction plans.
In addition, Shuolong Precision has also introduced the ISO 50001 energy management system, ISO 14064 greenhouse gas inventory and other standards to achieve energy conservation and carbon reduction goals from production to management, improving its competitiveness in the international market.
Through the three-in-one approach of “Equipment, Computing and Cloud”, Shuolong Precision can quickly grasp the energy consumption of production equipment and automatically generate detailed reports that meet CBAM requirements to ensure that enterprises can successfully enter the European market.
5Cloud Carbon Box system helps small and medium-sized enterprises save energy and reduce carbon emissions
Faced with the dual challenges of rising energy prices and carbon emission restrictions, 5Cloud Carbon Box system has become a powerful tool for small and medium-sized enterprises to save energy and reduce carbon emissions. The Carbon Box system uses a three-in-one approach of “device, computing, and cloud” to help companies install sensors on the production side to monitor energy consumption and carbon emission data in real time. These data are then analyzed by intelligent algorithms and a detailed carbon emission report is generated that complies with international standards such as ISO 50001, ISO 14064 and ISO 14067, helping enterprises to formulate the best energy-saving and carbon-reduction strategies.
The Carbon Box system also stores all data in the cloud, which managers can access instantly through web pages or mobile applications, improving data security and convenience and promoting collaboration and data sharing among multiple departments. Through this system, small and medium-sized enterprises no longer need to rely on manual records or tedious form filling. The entire carbon inventory process is more efficient and accurate, greatly shortening the inventory time and improving the accuracy of carbon emission management.
The successful experiences of Shuolong Precision and Taiwan Perovskite Solar Corp. show that 5Cloud Carbon Box system and four-energy strategy can help companies cope with rising energy prices and new carbon emission regulations. This not only enhances the company’s international competitiveness, but also provides Taiwanese SMEs with an effective low-carbon transformation solution.
In Summary
As energy prices continue to rise, Taiwanese companies need to quickly respond to and reduce energy cost pressures. The Ministry of Economic Affairs provides comprehensive energy-saving support to enterprises through power-saving diagnostic counseling, energy-saving equipment investment deductions, and diversified power-saving incentives. 5Cloud digital three-in-one carbon inventory service and Carbon Box system help enterprises improve energy use efficiency and achieve carbon reduction goals through advanced data monitoring and intelligent analysis technology.
About 3Egreen
3Egreen provides an intelligent management service system that can monitor and analyze the power consumption of each device, and even calculate the carbon emissions, assisting enterprises in their digital + low-carbon dual-axis transformation. Get in touch with us to learn how our solutions are helping many small-to medium sized companies respond quickly to high energy prices.