From this article:

> For the purposes of this post, I’ll use the figures from the 100,000 “maximum”–Claude Sonnet and Opus 4.5 both have context windows of 200,000 tokens, and I run up against them regularly–to generate pessimistic estimates. So, ~390 Wh/MTok input, ~1950 Wh/MTok output.

Expensive commercial energy would be 30¢ per kWh in the US, so the energy cost implied by these figures would be about 12¢/MTok input and 60¢/MTok output. Anthropic's API cost for Opus 4.5 is $5/MTok input and $25/MTok output, nearly two orders of magnitude higher than these figures.

The direct energy cost of inference is still covered even if you assume that Claude Max/etc plans are offering a tenfold subsidy over the API cost.

Thank you for some good intel. Thats very interesting. But, I wonder how this affects supply pricing to other customers. Not that you haven't shown the direct power costs have been borne, but the more indirect ones remain for me.