Texas’ utility regulator has adopted a new rule requiring cryptocurrency mining facilities consuming more than 75 megawatts of power to register with the state’s grid operator. This move is aimed at ensuring the reliability of the state’s power grid amid the increasing consumption of electricity by crypto mining operations.
Pods of computers are submerged in fluid that keep them from overheating at a crypto mining facility in Helios in 2022. Texas ’ utility regulator on Thursday adopted a rule requiring cryptocurrency mining facilities connected to the state’s main electric grid to register with the state’s grid operator.
Crypto mining, which consumes vast amounts of power to run and cool its computers, has been growing in Texas, contributing to aacross the state. The rule was designed to help the state see how much electricity crypto facilities will consume and protect the grid’s reliability. “This is another example of the PUCT and ERCOT adapting to support a rapidly changing industrial landscape,” PUC Chairman Thomas Gleeson said in a statement. “Most importantly, we will always take the steps necessary to ensure reliable, affordable power for all Texans.”
Existing facilities must register by Feb. 1 and renew their registration annually. Companies must also provide each facility’s anticipated peak load for the next five years, in addition to the actual power the facility consumed in the prior year.Crypto facilities are considered “large flexible loads” by state regulators, meaning they can adjust their power consumption quickly — such as powering off their computersof power — about the same amount of power used by the city of Austin.
Texas Crypto Mining Electricity Consumption Grid Reliability Utility Regulation
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