Piotr Müller· ECR

Nuanced

Electricity and other energy sources in Europe are about 2-3 times more expensive compared to China or the United States.

Omissions

• The Draghi Report specifically refers to electricity prices for EU companies/industrial consumers, not all energy sources or household consumers
• The Eurelectric organization notes that such generalizations fail to capture the full picture of energy price differentials
• Energy price comparisons can vary significantly depending on the specific energy source (natural gas, electricity, oil) and consumer category (household vs. industrial)
• The Draghi Report was published in September 2024, and the MEP spoke in February 2026

Sources

• PrimaryEuropean Commission - The future of European competitiveness (Draghi Report)EU companies still face electricity prices that are 2-3 times those in the United States and China
• PrimaryIEA - Electricity Mid-Year Update 2025In the European Union, wholesale electricity prices averaged around USD 90/MWh in the first half of 2025, about 30% higher compared to the same period in 2024
• SecondaryEurelectric - US vs EU: the ultimate power prices showdownThere is no denying that Europe has higher energy prices than the US, but such generalisations fail to capture the full picture
• SecondaryReuters - EU points way to competitive future to catch US, China rivalsFormer European Central Bank chief Mario Draghi presents his report on the future of European competitiveness