Texas ERCOT Region Cryptocurrency Miners to Become Mandated to Report Electricity Demand

The Public Utilities Commission of Texas (PUCT) has issued a notice to Bitcoin miners using the power grid managed by the Energy Reliability Council of Texas (ERCOT) to provide key information related to their facilities.
The PUCT chairman, Thomas Gleeson, said the new regulations are designed to help keep the power grid running efficiently as more mining facilities come online.
According to the PUCT regulations passed on Nov. 21, bitcoin miners must provide state governments with information about their facility locations, ownership information, and electricity needs.
Miners must register within one business day of the date their facility is connected to the ERCOT grid, and must renew it by March 1 of each year.
ERCOT is the independent system operator that serves 90% of the electricity needs of the state of Texas. PUCT Chairman Gleeson said the new regulations would prevent more mining facilities from building and keeping electricity running.
"The ERCOT grid needs to remain reliable and meet the power needs of all Texans," he said.
"The PUCT and ERCOT must understand the location and electricity needs of cryptocurrency miners," he said.
Bitcoin miners have relocated to other locations, including Texas, to continue their operations. Bitcoin miners who do not comply with PUCT regulations are considered Class A violators and can collect up to 25,000 Bitcoins per day.
A fine of up to $3.86 million could be imposed.