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Washington's Chelan County PUD Plans Higher Electricity Costs For Crypto Mining

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A rural Washington County Public Utility District, or PUD has proposed higher electricity costs for cryptocurrency miners, according to Central Washington radio station KPQ.

The Chelan County PUD in north-central Washington has proposed a new electricity pricing structure, Schedule 36, for the mining activity, which generally takes enormous power.

Lindsey Mohns, the Customer Utilities Rate Adviser, explained that the proposed new structure is built same as the existing crypto mining rate structure, but it brings a market consideration on the energy price as the power will have to be purchased in the market to serve the variable load associated with cryptocurrency.

The upfront capital charges are intended to recover the accelerated cost of infrastructure investment in the system, mainly in substations.

KPQ reported that there were roughly 20 cryptocurrency operators with applications pending approval, but the numbers were expected to drop following the proposal.

Many miners expressed that if the new rate structure were to be approved, they would move their business elsewhere.

Earlier, the Chelan PUD had ordered its staff to enforce a moratorium on cryptocurrency mining after finding unauthorized cryptocurrency miners.

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