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)
Regardless if the market allows consumers access to negative solar prices or not, consumers can attach solar panels to their servers (independent of the grid), so the LLM is there when the sun is shining.
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)
Which is why I suspect most nominal "data centers" are fronts for crypto mining, an activity that seeks out the cheapest energy.
EU average is just under 29c/kWh (non-contract price) [0]
In the UK I got 27.5c/kWh (+ 58c/day fixed charge) on an 18-month contract a month ago
[0] https://ec.europa.eu/eurostat/statistics-explained/index.php...