CPC, Taipower pay premiums to secure energy supplies, face financial strain

<p class="P1" data-start="3102" data-end="3613">The ongoing conflict in the Middle East, along with continued tensions between the US and Iran, has kept international energy prices elevated, while shipping volumes through the two major straits have fallen sharply. Against that backdrop, CPC Corporation, Taiwan (CPC), and Taiwan Power Company (Taipower) are shouldering the burden of "containing inflation" by stabilizing domestic prices and easing the burden on consumers, while also absorbing high fuel costs and dealing with increasing financial pressure.