MASSENA — Cryptocurrency operations didn’t contribute to the elevated electrical prices for Massena Electrical Division clients.
“The reply is not any. It’s not affecting the invoice,” Massena Electrical Division Superintendent Andrew J. McMahon instructed the Massena City Board this week.
“There’s one cryptocurrency operation that Massena Electrical feeds and that has no impression on the shopper’s invoice. They pay all incremental prices for the power they devour,” he stated. “Then, there’s a a lot bigger operation on the previous Reynolds plant, the Alcoa East plant. They’re shopping for instantly from the grid as I perceive it. They haven’t been actually clear with us, however their load is far greater than something we might serve, as I perceive it.”
Blame the larger payments on the brutally chilly January, Mr. McMahon stated. Massena Electrical Division clients obtain with their payments an inventory of often requested questions, and why the prices elevated was certainly one of them.
“We get these calls on a regular basis. When you take a look at the FAQ doc, halfway on the best there’s the historical past of the PPAC (buy energy adjustment cost) graph,” Mr. McMahon stated.
He stated the division had a excessive buy energy adjustment cost in 2014 when winter introduced within the polar vortex and the corresponding chilly, and that was a repeat this yr. Under-zero temperatures have been frequent in January.
“It was simply brutally chilly this previous yr. In January we had 20 days under zero versus the earlier two years the place I feel it was 4 or 5 days under zero. So, we had loads of chilly climate,” he stated.
As well as, he stated, the Massena Electrical Division noticed a rise within the value it paid for supplemental energy.
“The previous few years we have now been paying $20 per megawatt for supplemental energy. We have been paying $100 a megawatt this previous January. So, that value rolls by means of to the patron ultimately,” Mr. McMahon stated.
Between the excessive utilization and excessive costs for energy, the division exceeded its allocation from the New York Energy Authority.
“It made for some excessive payments and we received loads of calls. Jeff (Dobbins, MED treasurer) and the employees did very nicely with them,” Mr. McMahon stated. “I feel it says within the FAQ this wasn’t a localized Massena challenge. This was all throughout the Northeastern U.S. There was actually excessive fuel costs from Minnesota to Maine. It was actually chilly for 4 or 5 weeks.”