Paraguay’s National Electricity Administration (ANDE) has demonstrated a proposed edict to the President of the National Economic Team suggesting augmenting the tariff on crypto mining organizations.
In an area of the country, illegal usage of electricity activities of mining companies has caused a loss of approximately $410,000 within July, accumulating to the annual loss of $2.2M. In fact, those companies were charged from 80 to 160 times less than the equivalent amount for their energy consumption.
As reported by a local radio station, the rate cap miners could be charged is just 15% higher than the industrial level, according to ANDE. They propose that the cap should reflect the cost structure for power supply installation, and mining firms will pay the tariff beforehand in U.S dollars, readjusted annually.