After the Electric Reliability Council of Texas (ERCOT), an independent electricity provider to more than 26 million Texas customers, introduced the Interim Voluntary Load Curtailment program for Bitcoin (BTC) miners and other similar large load consumers, the cryptocurrency miners have risen to the occasion.
The program, implemented “during times of low or declining [Physical Responsive Capability (PRC)] after Non-Spinning Reserve Service has been deployed, but before [Emergency Response Service (ERS)] has been deployed,” demonstrated success during winter storm ‘Elliott’ in Texas, according to the ERCOT’s LFL Analysis published on February 17.
As the report discovered, the Large Flexible Load (LFL) by these consumers during the winter storm decreased significantly during times of peak prices, and all of the 20 LFLs monitored “demonstrated a curtailment in load to some extent,” returning up to 1,500 MW of energy to the Texas grid.
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