Quebec Hikes Power Prices for Crypto Miners

in quebec •  7 years ago 

Quebec’s Electricity is prohibitively expensive

The province of Quebec regulator Regie de l’energie authorized value Hydro-Quebec to charge 15 cents per kilowatt hour to firms related to blockchain. However, this temporary price hikes are not for existing clients and their operations whereas the price threefold only for new comers.

In order to soak up excessive energy from dams north of the region, Hydro-Quebec itself found with several requests to exceed its short and medium term capacity. Moreover, the Quebec provides the lowest price rates in North American and now it wants to set a particular rate for mining industries due to peak winter demand.

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