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Court Backs County for Electricity Price Hike Targeting Crypto Mining

A Washington court has ruled against one individual and five companies that sued the Grant County Public Utility District No.2 for suddenly creating a new electricity pricing schedule for power consumed by “emerging industries” in December 2018.

On March 12, Judge Rosanna Peterson of the U.S. District Court for the Eastern District of Washington found that the plaintiffs were unable to demonstrate that the country violated federal electricity laws.

Cryptocurrency mining nearly tripled the annual electricity demand in Grant County

The miners first began operating in the county during 2017 — with the municipality then-offering among the cheapest electricity available in the United States.

However, when the cryptocurrency miners established operations in Grant County during 2017, the utility provider received an annual electricity demand of 1,500 megawatts (MW) — more than double the county’s yearly average load of 600 MW. Read More...