Cryptocurrency and High Density Loads

Monday, Dec. 3, commissioners approved a new rate for cryptocurrency, blockchain and similar operations effective April 1, 2019. Commissioners also lifted the moratorium in two steps. Here’s what to expect:

  • Evaluation of applications received prior to March 19 will resume. Staff will send existing applicants letters asking them to confirm their information and desire to proceed in the next few weeks.
  • Applications for new services will be accepted starting April 1, 2019 when the new rate is effective.

Further information on the new rate is available in the Final Cryptocurrency Staff Report.

Timeline of events 

The new fees are:

For all unauthorized service

  • $1,400 – metering & monitoring
  • $2,000 – investigation & enforcement

In addition, for unauthorized operations in homes

  • $1,000 – residential security deposit
  • $1,750  - residential equipment degradation

Or, in addition, for unauthorized operations in commercial and industrial spaces

  • $4,700 – Commercial equipment degradation (overhead service)
  • $8,000 – Commercial equipment  degradation (underground service)

High Density Load Customers under 5 MW

On July 18, 2016, Chelan PUD Commissioners adopted a new rate that applies to all High Density Loads (Resolution 16-14059). On Jan. 2, 2017, Rate Schedule 35 went into effect, and includes server farms, crypto-currency mining or other activities that use a significant, continuous amount of power.

High Density Load Customers larger than 5 MW

Chelan PUD Commissioners and staff currently are working on policies for load applications greater than 5MW. Any actions under consideration or adopted will be posted here.

Links to recent media coverage on the subject are provided below.

    Media Coverage

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