Hydro-Québec Suspended Electricity Supplies for Miners and Joined Régie de l’nnergie

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On June 7, the Canadian electricity supplier Hydro-Québec issued a statement claiming that the company will temporarily suspend the supply of electricity for the miners in connection with the need to comply with the norm for the supply of electricity to the province.

It is worth noting that after the lifting of the ban on the production of cryptocurrency, Hydro-Québec received a huge number of applications from the miners for electricity. According to the data, the number of requests significantly exceeded the expectations of the company, which forced the provincial government to ask the company to stop temporarily selling electricity to miners.

As it became known, Hydro-Québec applied to Régie de l’nergie, which will allow the company to optimize the process of selecting blockchain projects for cooperation. It should be noted that preference will be given to those companies that can contribute to the economic development of the province. The President of Hydro-Québec, Eric Filion, said:

“Régie de l’énergie is instructed to consider the need for a reserved block of energy for this category of consumers, the possibility of maximizing Hydro-Québec’s revenues, and issues related to the winter peak period. The blockchain industry is a promising avenue for Hydro-Québec. Guidelines are nevertheless required to ensure that the development of this industry maximizes spinoffs for Québec without resulting in rate increases for our customers. We are actively participating in the Régie de l’énergie’s process so that these guidelines can be produced as quickly as possible.”

It is worth noting that by deciding to limit the supply of electricity to miners, the Government of Quebec has canceled its previous decision, according to which the company for the production of cryptocurrency can receive electricity from a local power plant.

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