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by dubcanada
56 days ago
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Don't know why people keep parroting this, this is incorrect. Chinese electricity prices are equal or slightly cheaper then most of North America. But significant pockets such as those around the Quebec or other hydro plants are significantly cheaper then Chinese power pricing. Not only that, China may subsidize AI, but so does the US. |
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My rates (before PG&E were forced to concede) were as high as 49¢/kWh, a 7x factor.
These are residential rates and not industrial ones, but I hope my point is clear.
China has very cheap power compared to the US, there's a reason why they had to ban bitcoin to get rid of miners.