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ARTICLE · 22 MAY 2024

Amping Up The Rules: BC To Regulate Crypto-Mining Electricity Use

McCarthy Tétrault
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On May 7, 2024, the Province of British Columbia (the "Province" or "BC") enacted Bill 24, Energy Statutes Amendment Act, 2024, 5th Sess, 42nd Parl, British Columbia, 2024 ("Bill 24"). Upon receiving royal assent on May 16.

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On May 7, 2024, the Province of British Columbia (the "Province" or "BC") enacted Bill 24, Energy Statutes Amendment Act, 2024, 5th Sess, 42nd Parl, British Columbia, 2024 ("Bill 24"). Upon receiving royal assent on May 16, Bill 24 amended the Utilities Commission Act (the "UCA") to enable the Province to enact regulations regarding public utilities' provision of electricity service to cryptocurrency miners. Until regulations are published, the implications of this broad power to regulate power supply for Cryptocurrency mining ("crypto-mining") remain an open question.

This post reviews the history and details of the proposed legislative amendments, as well as the next steps and potential implications of the Province's efforts to regulate the provision of electricity service to cryptocurrency miners.

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