Utility district raises cryptocurrency power rates

By District Energy posted 08-30-2018 00:00

  

Dan Wheat, Capital Press

Summary

EPHRATA, Wash. — Electricity rates for cryptocurrency miners and other evolving-industry firms will increase 15 percent next year, 35 percent in 2020 and 50 percent in 2021 in Grant County.

The new Rate 17, adopted Aug. 28 by Grant County Public Utility District commissioners, is designed to charge those customers more than the cost of production to protect the PUD from risk and preserve below-cost rates for core customers such as residents, small businesses and farm irrigators.

Other big power users already pay rates that are above the cost of production.

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