Shall the increase in price of natural gas be approved by the City Government?
According to Paragraph 3 of Article 34 of the Natural Gas Act: “When the gas source cost fluctuates, natural gas utility enterprises should synchronously adjust their natural gas sale price according to the amount of fluctuated cost, and report to the authorities of the municipal government or the county (city) governments within 7 days from the date of adjustment. Authorities of the municipal government or the county (city) governments should notify the central competent authorities when they receive the report. Since the CPC Corporation, Taiwan, which is the only source for natural gas utility enterprises, can adjust the wholesale price of natural gas; natural gas utility enterprises can adjust the sale price according to the price fluctuation provided from CPC Corporation, Taiwan. Natural gas utility enterprises shall inform the adjusted sale price of natural gas to Taipei City Government for reference within 7 days and carbon copy to the Central Competent Authorities.