TAIWAN-OIL-MARKETS
CPC Corporation announced that natural gas prices for residential and industrial use will be frozen in November, while electricity prices will be increased by 4% to cope with rising international liquefied natural gas costs.

CPC Corp., Taiwan said natural gas prices for household and industrial users will remain unchanged in November 2026, while prices for power-sector users will rise 4% to partially reflect higher international liquefied natural gas (LNG) import costs. CPC said the government would continue implementing price-stabilization measures to reduce the impact of volatility in international energy markets on households and industries.

According to a Central News Agency report on Oct. 31, CPC said tensions in the Middle East remained high, with frequent attacks on commercial vessels around the Strait of Hormuz in October affecting LNG supplies. Increased demand in Europe and Asia to build up winter gas stocks also pushed up international LNG prices, raising Taiwan's import costs.

Under the government's approved natural gas pricing formula, all user categories faced pressure for a price increase in November. However, to support the policy of stabilizing domestic prices, CPC decided to leave household natural gas prices unchanged and absorb the related costs.

For industrial users, CPC said it had absorbed more than NT$15 billion in costs cumulatively from January through September this year. Given domestic prices and overall economic conditions, rates for industrial users will also remain unchanged in November, with CPC continuing to absorb the portion not reflected in prices.

For power-sector users, CPC announced a 4% increase to partially reflect the rise in gas-supply costs. As natural gas is one of Taiwan's key fuels for power generation, changes in gas costs for the power sector are also expected to remain a focus of discussions on energy policy and electricity costs.

CPC also said it would continue monitoring international oil and gas markets and supply conditions, and conduct rolling reviews of its pricing mechanism in line with government policy.

Energy security has become a major issue for Taiwan's economy. Taiwan relies heavily on imported energy, and risks to international shipping, geopolitical conflicts and changes in winter demand could all affect the cost of procuring natural gas. If international energy prices remain high for an extended period, how the government and state-owned energy companies share the burden of higher costs will continue to draw market attention.