Canadian Energy Regulator allocates 300 MW Energy Quota for Crypto Mining

The Régie de l’énergie, the energy sector regulator of Quebec, Canada, has announced new rules that will support blockchain innovation in the region. The regulator’s decision envisages the classification of blockchain companies as a separate category of consumers. A 300 MW block will be dedicated to the industry, of which at least 50 MW will be reserved for small projects of 5 MW or less. This 300 MW will be in addition to the 158 MW already granted to existing customers approved by Hydro-Québec, the public utility that manages the generation, transmission and distribution of electricity in Quebec, and to the 210 MW granted to existing customers approved by municipal distributors. The result is a total of 668 MW of electricity for the blockchain industry.

Source : https://bit.ly/2VjRNfM