politics
May 8, 2026
Government announced “maneuvers” to stabilize the Venezuelan electrical system and prohibited digital mining
The Executive reported a record demand for electricity and announced the prohibition of digital mining, while maneuvers are being implemented to stabilize the national electrical system.
TL;DR
- Venezuela recorded a record demand for electricity on May 7, 2026, reaching 15,579 megawatts, the highest in nine years.
- The government attributed the increased demand to high temperatures and economic growth, while opposition cites corruption and lack of maintenance.
- The government announced stabilization maneuvers and strategic investments in the electrical infrastructure.
- Digital mining has been prohibited nationwide, with sanctions threatened for illicit users.
- A national plan for the recovery and transformation of the electrical system will be presented starting Friday.
- An NGO, Provea, urged the State to allocate more resources to improve public services amid protests over electricity and water outages.