Energy means electricity in this case, and the EU prices are about 2-3x those paid in China AFAIK, for both residential and commercial.
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)
[0] https://ec.europa.eu/eurostat/documents/15216629/24279737/KS... [1] https://wage.is/china/
No. There is no argument being made regarding "legacy hardware’s power inefficiency isn’t as big of a deal when electricity prices are lower".
That's just complaining that Western Europe has high energy prices compared to China without taking into consideration how different these economies are.