Canadian Energy Provider Hydro-Quebec Proposes Stopping Electricity Supply to Blockchain Industry

Hydro-Quebec’s plan called for the Regie de l’energie, or Canada Energy Regulator, to suspend the allocation of a 270 megawatts (MW) already planned for the industry. “In light of the significant increase in the anticipated demand for electricity and the tightening energy and capacity balances, Hydro-Quebec filed a request with the Regie de l’energie regarding suspension of the allocation process to the blockchain industry,” the company said in a statement. “Under this process, approximately 270 MW were slated to be dedicated to cryptographic use over the short term, but the allocation of that amount of capacity to this use would increase pressure on current balances,” the statement added.