The Electricity Act Article 49

The Central Competent Authority shall establish the formulae for calculating the rates of various tariffs assessed by the Public Electricity-Retailing Utility and the Electricity Transmission and Distribution Enterprise.The Public Electricity-Retailing Utility and the Electricity Transmission and Distribution Enterprise shall determine the price of electricity and other charges based on the calculation formula in the preceding paragraph, report the rates to the Central Competent Authority for approval, and publicly announce the rates after approval is received. The same process applies when the rates are amended.The Central Competent Authority shall hold public hearings before deciding on the formulae for calculating the price of electricity and the various charges described in the first paragraph of this Article. The same process applies when the rates are amended.The Central Competent Authority shall invite other government agencies, scholars and experts, and related civic organisations to participate in the Electricity Tariff Examination Council, which shall be responsible for reviewing and determining the price of electricity, tariffs rates, and other related matters.Scholars, experts, and representatives from relevant civil organisations shall make up no less than half of the members of the Examination Council mentioned in the preceding paragraph. The Central Competent Authority shall base on the preceding of fairness, impartiality, and transparency to establish rules governing review methods and other matters to be considered.