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Wednesday, October 11, 2017

Crypto News: Japanese Renewable Energy Provider Offers Low Flat-Rate Electricity for Crypto Miners

Japanese Renewable Energy Provider Offers Low Flat-Rate Electricity for Crypto Miners

Looop Co. Ltd is a Tokyo-based renewable energy provider that offers natural energy products and services as well as retail electricity services. The company “was born from the volunteer activity to set up photovoltaic power in the affected area of the Great East Japan Earthquake,” its website describes. The company began operations in March 2011 with the development of “a photovoltaic power plant that can be installed by ourselves.” Other products offered include solar, wind, biomass, hydroelectric, and geothermal power systems.

Following the liberalization of Japan’s retail power market in April 2016, Looop entered the retail electricity market. Over 55,000 Japanese households now use Looop’s electricity services, according to IT Media.

The company recently announced a new electricity plan which is tailored to cryptocurrency miners in the Tokyo Electric Power Company (TEPCO) service area. Looop calls it the “Mining Flat” rate plan. Customers can start applying for this new service this month.

Japanese Renewable Energy Provider Offers Low Flat-Rate Electricity for Crypto MinersLooop explained that customers can sign up for a “1kW equivalent contract (10A or 1kVA)” which allows usage of up to 250kWh for a fixed monthly price of 6,170 yen. They can also sign up for multiple contracts. For example, a 3kW contract will allow them to use up to 750kWh. Overages are charged at the rate of 22 yen per 1kWh.


Full story at http://bit.ly/2i5a3GZ


Source: Bitcoin News


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