Quebec Weighs Plan to Sell 500 Megawatts to Crypto Miners

In an attempt to work with Crypto miners, Quebec public power utility has already set up plans which were recently submitted to the provincial government which could make way for Hydro-Quebec for a new developmental framework.

If this project goes as planned, it would create a selection process by which Hydro-Quebec will parcel out 500 megawatts worth of power to crypto miners. According to the statement made by the Utility, its pitch to the Régie de l’énergie would enable miners to submit offers that Hydro-Quebec would think about in view of their capacity to make occupations and financial benefits to Quebec.

Hydro-Quebec proposed that it is looking for an expedient answer for the issue – the subject of a ban on new endorsements previously issued this month, referring to an “unprecedented” level of interest.

The utility additionally needs to put a top on the measure of intensity that crypto-excavators can draw during the year, with an end goal to free up control for different clients. That worry has been at the core of huge numbers of the question found in North America between crypto excavators, local governments, and inhabitants.

“The economic analysis will favor customers who will be ready to operate their facilities as quickly as possible. In addition, Hydro-Québec could request that these customers decrease their electricity use, for a maximum of 300 hours per year, to allow it to ensure the delivery of electricity to all of its customers, particularly during the winter peak period.” Stated Hydro- Quebec.

Hydro-Quebec demonstrated not long ago that it would not have the capacity to help the greater part of the request it has seen, as indicated by a record distributed in March.