Electricity for factories in Europe is twice as expensive as electricity for factories in America.

Omissions

• The claim uses the round figure 'twice'; several sources place the ratio somewhat higher (Bruegel: 'roughly two and a half times higher than in the US'; BusinessEurope 2024 data: EU €0.199/kWh vs US €0.075/kWh, i.e. about 2.6x), so 'twice' is a conservative rather than an exaggerated statement.
• The comparison is between EU industrial/energy-intensive electricity prices and US industrial prices; the ratio varies significantly across individual EU member states, so an EU-average framing hides substantial internal dispersion.
• The comparison is sensitive to the period chosen: the ratio was historically much lower before the 2021-2022 energy crisis.

Sources

• PrimaryInternational Energy Agency (IEA) — Electricity 2026, PricesEU electricity prices for energy-intensive industries stayed elevated in 2025, again averaging over twice US levels and nearly 50% above those in China.
• PrimaryEuropean Commission — Energy prices and costs in Europeindustrial gas and electricity prices, while lower than during the crisis, are still 2-4 times higher than in the EU's main trading partners
• SecondaryBusinessEurope — High cost of energy (data hub)In 2024, industrial electricity prices in the EU reached €0.199 per kWh, compared to €0.082 in China and €0.075 in the U.S.
• SecondaryBruegel — Decarbonising competitiveness: four ways to reduce European energy pricesAverage EU industrial electricity prices were roughly two and a half times higher than in the US.