Are you actually paying almost close to 700 per month for electricity?? How is that sustainable for the average folk....

I am the average folk - A little below probably. It isn't sustainable at all. So far this month (I can see 1-13th), it is 1470 kwh, so 113 a day. It depends a lot on the weather though. It is currently above zero, so it is about 75 a day. At that average though, it will be around 800€ for the month, as there is the spot price, plus the transfer price.