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ARTICLE · 30 JANUARY 2023

Pausing The Crypto-Mining Energy Drain: B.C. Government Suspends Obligation To Supply Service To New Crypto-Mining Projects

Lawson Lundell LLP
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On December 21, 2022, Order in Council No. 692 (OIC 692) came into effect, ultimately subjecting the BC Utilities Commission (BCUC) to the Direction entitled "British Columbia Utilities Commission...

CanadaTechnology
Shailaz Dhalla
Shailaz Dhalla
Mitchell Horkoff
Mitchell Horkoff
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On December 21, 2022, Order in Council No. 692 (OIC 692) came into effect, ultimately subjecting the BC Utilities Commission (BCUC) to the Direction entitled "British Columbia Utilities Commission Respecting Cryptocurrency Mining Projects" (the Direction).1 Ultimately, OIC 692 aims to preserve B.C.'s clean electricity supply to support the Province's climate action and economic goals by suspending electricity connection requests from cryptocurrency mining (i.e., "crypto-mining") operations for 18 months. In other words, the B.C. Government has temporarily paused the obligation of BC Hydro - the primary electricity utility in B.C. - to supply service to new crypto-mining projects.

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