Tianjin implements differential electricity prices for virtual currency "mining," applying the electricity prices for eliminated enterprises

ChainCatcher news, the Tianjin Municipal Development and Reform Commission recently issued a notice regarding the implementation of differentiated electricity pricing for virtual currency "mining" activities. This is to rectify virtual currency "mining" activities, promote energy conservation and emission reduction, and help achieve the "dual carbon" goals. In accordance with national electricity pricing policies, it has been decided to implement differentiated electricity pricing for virtual currency "mining". The relevant matters are notified as follows:

1. Implement differentiated electricity pricing for virtual currency "mining", applying the electricity price for eliminated enterprises, with an increase standard of 0.5 yuan per kilowatt-hour.
2. Relevant departments will determine the list of virtual currency "mining" projects, the start and end dates of implementation, and will notify each power grid company. Each power grid company shall timely and fully collect the increased electricity fees based on the relevant list information to ensure the policy is implemented effectively.
3. If the start and end dates of the differentiated electricity pricing are less than one meter reading cycle, making it impossible to measure the electricity consumption, the electricity subject to differentiated pricing will be determined by multiplying the daily average electricity consumption during the corresponding meter reading cycle by the number of days the differentiated pricing policy should be implemented. If the electricity used for virtual currency "mining" cannot be distinguished from other electricity consumption due to combined metering, the entire electricity consumption will be subject to the differentiated pricing policy. (Source link)