Electricity prices varies a LOT depending where in the world you are: https://worldpopulationreview.com/country-rankings/cost-of-e...

I wonder why it is so expensive (46 cents) in Italy when other EU countries have lower prices. Taxes? Monopoly? Corruption?

And why China has cheap electricity? They don't have much oil.

Could it be that electricity price is based not on real expenses, but simply on "how much they can pay" principle?

Anyway, Western Europe stands out as a dark spot on mostly light-colored map.

There are huge differences between generation types, infrastructure requirements, regulatory environments, subsidies and ownership of electrical generation and supply equipment's before you even get into conspiratorial thinking.

Globally, most electricity is not generated via oil anyway. China has cheap energy in part because they have a planned economy and a large usage of cheap energy sources such as solar and coal.

For the curious, world's electricity fuel sources: https://ourworldindata.org/electricity-mix

My delivered cost of electricity went up about 50% per kWh in the last few months and is therefore 3x what you mention and likely only going higher.

[AI driven] data center power consumption is real and as of right now, it seems like other consumers are subsidizing it.

And if you didn't live in a place where it's cheap?

Then one need to do the calculations and decide based on that. One should also remember that the product might break so if it repays it cost over many years, there is a chance it breaks long before that.

However, LED light bulbs are worth buying, the cheap ones (less than $3) repay their price in several months even with our electricity pricing.