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Phase-in of new ‘evolving industry’ rate begins April 1

Electric rates will not go up this year for most Grant PUD customers, but the first of a three-year phase-in of the new Rate Schedule 17 for higher-risk "evolving industry" customers will begin as planned, April 1.

Commissioners approved the new rate Aug. 28 after months of public input.

Rate 17 protects Grant PUD and its core customers from unintended cost shifts from new, nascent, power-intense industry that has a higher-risk profile. Currently, only the county's cryptocurrency mining firms are scheduled to take service under Rate 17.

Evolving-industry customers whose billing demand is less than 200 KW (formerly Rate Schedules 1 and 2) will see the first of three annual adjustments to increase their all-in electricity rate from the current 4.9 cents per kWh to 13.7 cents per kWh in 2021.

Larger evolving-industry customers (formerly Rate Schedule 7, 14, 15) will get the first of three annual adjustments to increase their all-in rate from 2.6 cents per kWh to 7.9 cents per kWh in 2021.

Increased energy use could also require out-of-pocket costs for Rate 17 customers could also incur mandatory out-of-pocket costs to pay for higher-capacity transformers or other equipment to safely provide them with electrical service if their power requirements exceed existing capacity. Customers taking service under Rate 17 will be required to separately meter the Rate 17 load.

Customers engaged in cryptocurrency mining should contact Grant PUD at 509-766-2505 to evaluate their infrastructure needs to avoid power outages and hazardous conditions.

Like other rate classes for large power users, Rate 17 covers the cost to serve, but includes a risk premium particular to this class. This pricing helps preserve low-cost rates for Grant PUD's core residential, irrigation and business customers.

By late 2018, cryptocurrency mining in Grant County was using approximately 25.7 megawatts of power. Currently, 15 potential cryptocurrency customers have filed applications for service for a combined 313 megawatts of power. Grant PUD's total average annual customer load, county-wide, was 592 megawatts in 2018.

About Grant PUD: Established by local residents over 75 years ago, Grant PUD generates and delivers energy to millions of customers throughout the Pacific Northwest.



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Gummi bears caramels donut carrot cake carrot cake chupa chups bonbon tootsie roll.

Gummi bears caramels donut carrot cake carrot cake chupa chups bonbon tootsie roll.