Crypto Mining Firms In New York To Be Charged With Higher Power Prices

Announcements, FinTech, News, Regulation | March 19, 2018 By:

The New York State Public Service Commission (PSC) has ruled that upstate municipal power authorities can raise their electricity rates if cryptocurrency mining companies choose to use the state’s hydropower.

The ruling comes after the New York Municipal Power Agency (NYMPA) petitioned the PSC regarding concerns that high density load customers,