Texas Bitcoin Miners Are Offered to Cut Electricity Usage to Help the Grid

Texas is offering an interim, voluntary power curtailment program for “Large Flexible Loads (LFL),” which will incentivize bitcoin miners to lower their power consumption during a period of high electricity demand.

“Due to the anticipated interconnection of an increasing number of large flexible Loads in the ERCOT Region, ERCOT is establishing an interim, voluntary curtailment program that would allow these Loads to assist ERCOT in ensuring reliability during periods of high system demand,” ERCOT said in a statement.

The temporary program is expected to go live around Jan. 1, 2023, but it might be terminated any time as ERCOT plans to develop a permanent reliability framework for LFLs in the future.

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