Nine local independent power producers were found guilty of concerted practices by the Supreme Administrative Court on Monday as it overruled previous rulings in a drawn-out fair-trade case.
The court sided with the Fair Trade Commission, saying in its verdict that the joint action of the power firms which account for 76 percent of state-owned Taiwan Power Co’s (Taipower, 台電) outsourced electricity had prohibited normal market competition, disrupting supply and demand.
The nine firms, which have provided electricity to Taipower since 1995 to help ensure stable supply, were jointly fined NT$6.32 billion (US$212.74 million at the current exchange rate) by