Electricity costs half as much in America as in Europe, and even less in China.
EconomyInternational
- Error detected
- The claim that electricity costs 'even less in China' than in America is FALSE for industrial electricity prices: in 2024, Chinese industrial electricity (€0.082/kWh) was approximately 9% more expensive than US industrial electricity (€0.075/kWh), according to BusinessEurope data.
The 'half as much' comparison is imprecise for both industrial prices (US is ~38% of EU, i.e. less than half) and household prices (US is ~67% of EU, i.e. more than half). The actual ratio differs from 50% by at least 12 percentage points under either metric.
- Omissions
- The claim does not specify whether it refers to industrial or household electricity prices, which yield materially different comparisons.
- The claim omits a time period; the most recent comparable data is from 2024.
- For industrial prices, the US-EU gap is substantially larger than 'half' — US prices are actually about 38% of EU levels, meaning the MEP understated the disparity.
- The claim that China is cheaper than the US is contradicted by industrial electricity data, where China (€0.082/kWh) is slightly more expensive than the US (€0.075/kWh).
- No primary official source was found confirming the exact 'half as much' ratio across all three regions simultaneously; BusinessEurope is a secondary industry association source.
- Electricity prices within Europe vary enormously by country; using an EU average masks significant differences between Member States.