The price of electricity for miners in the state of New York will grow

Electricity prices for miners in New York state most likely will grow after the next decision of the local regulator of utilities.

In its resolution, the relevant Commission of the state of new York said that since March, energy companies can raise the price of their services for mining enterprises.

The Commission will enable municipal energy companies to create a new tariff, aimed at consumers with a high load, which are not intended to aid in economic development and demands exceeding 300 kW, and the power consumption per square meter higher than normal businesses.

The decision was made as a result of an application filed by the new York municipal energy Agency (NYMPA), a body consisting of 36 municipal energy suppliers in the state of new York. They fear that strong demand from mining companies may cause higher prices for public services for local residents.

NYMPA States that while some mining enterprises in some areas consume up to 33% of all electricity generated, they do not create jobs and do not invest in local communities and places of operation.

This is not the first incident related to miners and their energy needs, which was recorded in the region.

The city of Plattsburgh, which is also part of NYMPA’s jurisdiction, is currently discussing the decision to impose a moratorium on the registration of new mining companies in the region for a period of 18 months.