The Taiwan Power Company (Taipower), established on May 1, 1946, is a vertically integrated, state-owned enterprise engaged in the generation, transmission distribution, and sale of electricity. According to the Electricity Act, Taipower is responsible for supplying electricity. Of the total revenue in 2019, revenue from electricity sales accounts for 89%. As of 2019, the Taipower system (including independent Power Plants, IPPs) had a total installed capacity of 47.78 GW from different energy sources including hydro, renewable energy, thermal and nuclear. There were 617 substations operated by Taipower, 17,691 circuit kilometers of transmission lines, and 378,920 circuit kilometers of distribution lines.
Like much of the global power industry, Taipower is focused on the trend of sustainable development for the electricity market of the future. Taipower has revised its corporate mission in recent years and promoted organizational transformation. In January 2016, the Company established four business divisions, namely, the Power Generation Division, the Nuclear Power Division, the Transmission System Division, and the Distribution and Service Division. As a result, the headquarters and business divisions have adopted policy centralization and management decentralization, in an effort to transform from a government agency into a highly efficient enterprise. In the future, Taipower will abide by the requirements of the Electricity Act and transform into a holding company which aims to promote market competition, enhance business operation efficiency and promote corporate sustainability. This will allow Taipower to become a prestigious, world-class power utility group that provides its customers with the highest quality of services.