Electricity prices in the European Union are twice as high as in the United States and more than 50% higher than in China.

Omissions

• The comparison applies to industrial / energy-intensive industry electricity prices, which is the relevant metric for the speaker's manufacturing-competitiveness argument, but the gap for household electricity prices is smaller and varies by country.
• The IEA's most recent estimate (Electricity 2026, 2025 data) puts the China gap at 'nearly 50%' — slightly below the claimed 'more than 50%' — while 2024 data (BusinessEurope/European Commission) shows a larger gap (over 140% higher than China), so the exact ratio depends on the year and methodology.
• The claim cites no source; the underlying data comes from the IEA's annual Electricity report published in early 2026, before the 2026-07-07 session.

Sources

• PrimaryIEA – Electricity 2026, Prices (International Energy Agency)EU 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 – Report on energy prices and costs in Europe (EUR-Lex, COM/2025/72)Industrial electricity prices followed a trajectory similar to household prices increasing from 132 EUR/MWh in 2020 to 238 EUR/MWh in the second [half of 2024].
• SecondaryBalkan Green Energy NewsThe average price this year in the EU is expected to be twice as high as in the US and about 50% higher than in China, according to IEA.
• SecondaryGMK Center (steel industry analysis)Electricity costs for industrial consumers in the EU are twice as high as in the US and 50% higher than in China.
• 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.