Grant County, Washington, will increase mining electricity rates over three years

According to capitalpress, on August 28, the Grant County Public Utilities (PUD) Committee of Washington State adopted a new electricity rate plan "Rate 17", which will increase electricity rates for cryptocurrency mines and other developing industrial companies by 15% next year, 35% in 2020, and 50% in 2021.

It is reported that since the summer of 2017, Grant PUD has received new service requests for more than 2,000 megawatts of electricity, more than three times the electricity needed for all Grant County homes, farm businesses and industries, and approximately 75% of the requests come from cryptocurrency miners.