[ad_1] As a bitcoin mining enterprise, Riot Platforms runs thousands of computers in the energy-guzzling pursuit of minting digital currency. Recently, however, the company got big bucks from Texas to lower the mining operation’s electricity usage. Riot said on Wednesday that the state’s power grid operator paid the company $31.7 million in energy credits in … Read more
[ad_1] The rate Texas residents pay for energy has skyrocketed in recent days, as hotter-than-usual temperatures cause demand for electricity to soaring across the state. Texans were paying about $275 per megawatt-hour for power on Saturday then the cost rose more than 800% to a whopping $2,500 per megawatt-hour on Sunday, Bloomberg reported, citing data … Read more
[ad_1] A federal rule that took effect on Tuesday will largely consign one of the world’s great inventions — the incandescent light bulb — to the technological dustbin. The rule from the U.S. Department of Energy bans the production and sale of traditional light bulbs in the U.S., encouraging consumers to switch to newer, more … Read more
[ad_1] A punishing heat wave has led to record-high temperatures across much of the U.S., with more than 180 million people living under a heat advisory on Friday. At the same time, the nation is suffering from a “power disconnection crisis,” with millions at risk of having their electricity turned off because of overdue bills, … Read more
[ad_1] Although inflation has steadily cooled since peaking in June of last year, electricity costs continue to heat up. The typical power bill is set to rise about 2% this summer from a year ago, according to the Energy Information Administration. The reason: While wholesale power costs have dropped, there is generally a lag in … Read more
[ad_1] A growing number of Americans are getting their power shut off, as rising costs of living force consumers to choose between keeping the lights on and paying for food, rent or transportation. Last year, utilities cut off power to an estimated 4.2 million households, according to a report released this week from the Center … Read more