EU is big and prices vary. (Transfer capacity is limited)
Afaik electricity is around 7c/kWh in China. I got 8c/kWh 2y contract a couple weeks ago here in Finland. Though have to add 4c/kWh for transfer to that (no clue if the Chinese prices I could find include that). Commercial prices are less then that (no VAT and possibly lower power tax bracket. The 8c includes all taxes/fees)
Energy means electricity in this case, and the EU prices are about 2-3x those paid in China AFAIK, for both residential and commercial.
EU is big and prices vary. (Transfer capacity is limited)
Afaik electricity is around 7c/kWh in China. I got 8c/kWh 2y contract a couple weeks ago here in Finland. Though have to add 4c/kWh for transfer to that (no clue if the Chinese prices I could find include that). Commercial prices are less then that (no VAT and possibly lower power tax bracket. The 8c includes all taxes/fees)
The cheapest price in Europe at best equaling the average price in China sounds like it just proves my point?
No. You're comparing apples and oranges.
Electricity cannot be shipped from one place to another in bulk quantities.
And data can be.
Which is why I suspect most nominal "data centers" are fronts for crypto mining, an activity that seeks out the cheapest energy.
You're thinking the whole AI boom is just a front for crypto mining?