Crazy how a free market capitalist model for electricity isn’t targeting these enormous inflexible energy consumers for exorbitant rates.
Have we forgotten how to turn a profit in this country? Gouge! Gouge! Gouge! They’ve got a few billion worth of hardware in the ground and money to burn. You’ve got nothing to lose.
Quebec subsidizes its electricity. Which irritates other provinces that pay it equalization payments, since that the subsidization is not included.
We can only subsidize failing EV companies in Canada, cheap electricity we draw the line.
I don’t understand what you’re saying. Hydro Quebec pays royalties of $2-3 billion per year to the Government of Quebec.
Or do you mean that the government of Quebec subsidizes electricity consumers?
Not enough
Triple their rates and you can lower ours to make up for it.
As well, the utility is asking the regulator to raise prices over three years for blockchain and cryptocurrency operations to 19.5 cents per kilowatt hour to “better reflect the activity’s energy intensity and limited economic benefits.”
Based.
Edit: Noting that this is 50% higher than what they want to charge datacenters.
