How Bitcoin mining reduces power prices for residents, often substantially. The best qualified to comment on this is the grid operator themselves, because they are independents, who see the impact of Bitcoin mining on grids firsthand. Brad Jones, Former CEO of Texas’ grid ERCOT stated in 2022 that Bitcoin was “helping keep the cost of electricity low for all Texans”. He then went further to state the 2 ways it does this 1. "Bitcoin ... by participating in [ancilliary] services in a competitive market necessarily drives those costs down for all consumers" (Bitcoin mining creates a more competitive market for demand response, saving costs ) - Brad Jones, 2023. Interim CEO ERCOT (Grid of Texas) 2. Monetizing wind and solar energy that would otherwise have been wasted. As Jones put it, Bitcoin mining helped "find a home for otherwise wasted wind energy." Because of that, those wind and solar operators were more profitable, decreasing overall price pressure This is the 4th post in a series on how Bitcoin lowers power prices. Check out Mon-Wed posts for the other 3(Daniel Batten)