Georgia voters on Tuesday transferred control of two five-member seats on the Public Service Commission (PSC), which is responsible for setting electricity rates. The once all-Republican commission now has a Republican majority with just one seat.
The results have raised concerns among Bitcoin miners about how this will affect their electricity bills and fees.
Georgia interest rate freeze faces new scrutiny
Previously, the all-Republican PSC had approved a deal that would freeze base electricity rates for Georgia Power customers until 2028. The move was seen as pro-business, aimed at stabilizing rates during a period of rapid growth.
Large loads, defined as users consuming more than 100 megawatts (MW) of electricity, are segmented and subject to separate rate reviews and infrastructure rate regulations.
Last night’s election, while low-key, could be important for Bitcoin miners and AI data centers. Voters in Georgia flipped two seats on the state Public Service Commission, the agency that sets electricity rates.
The previously 5-0 Republican committee had already been frozen…
— Matthew Siegel, CFA Recovering (@matthew_sigel) November 5, 2025
The new 3-2 majority could prompt the PSC to expand those rules and reconsider how grid costs are shared among all customers.
Under the current framework, companies deploying large-scale computing and Bitcoin mining operations can benefit from rate certainty while being exempt from standard large-load surcharges.
But it may now be in jeopardy.
Mining costs may rise due to policy change
US-based Bitcoin mining company CleanSpark reportedly operates around 60 percent of its mining capacity in Georgia. We operate multiple sites with a total capacity of less than 100 MW. This strategy keeps CleanSpark out of the “heavy load” category.
Meanwhile, Core Scientific is operating at about 15% of its contracted capacity in the state.
These companies could face increased costs and uncertainty if regulators classify more companies as “heavy” users or raise rates for large electricity consumers. At the same time, existing fixed price contracts become more valuable as they lock in lower prices.
In the future, operators will take some reasonable measures.
Election ripple effects across mining states
Bitcoin mining regulations are constantly in flux and often change from jurisdiction to jurisdiction. Georgia’s upheaval this week is likely a harbinger of what other states may face, especially in an election year.
In response, miners will gravitate towards more friendly jurisdictions, while those with deeper pockets will diversify their operations to avoid political and regulatory fluctuations.
At the same time, all businesses must strengthen local connections through employment opportunities, educational programs, and community partnerships. Such efforts could help build goodwill and alliances ahead of the next debate on power rates and grid policy.
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