Comment by onre

As a Northern European (Finland) I can tell you that the electricity cost here for last year was closer to 0,1 € per kWh including the transfer fee and taxes. Additionally, more than 40 % of houses here have electric heating. The heating season starts in early autumn and ends in late spring, lasting 8 to 9 months depending on the year. As the electricity used by the device is turned into heat, during the heating season running it costs nothing.