Electricity prices in the United States and China are much cheaper than in Europe.

Omissions

• The MEP did not specify whether the claim refers to household or industrial electricity prices, nor a specific time period. The data cited here covers industrial prices for 2024–2025, which show the largest gap. Residential electricity prices also show a significant gap — Europe averages USD 0.254/kWh compared to Asia's USD 0.088/kWh — but the differential is somewhat smaller than for industrial users.
• Within the EU there is considerable variation: countries like Germany and Ireland have among the highest electricity prices globally, while some Eastern European countries are closer to US levels, though still higher.
• The IEA Electricity 2026 report was published in 2026; the MEP on 2026-06-17 could reasonably have had access to its findings given the mid-year timing.

Sources

• PrimaryIEA 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.
• PrimaryEurostat – Electricity Price StatisticsNon-household electricity prices in the EU in the second half of 2025 averaged €18.37 per 100 kWh (€0.1837/kWh); household prices averaged €0.2059/kWh.
• SecondaryBusinessEurope – High Cost of Energy Data HubIn 2024, industrial electricity prices in the EU reached €0.199 per kWh, compared to €0.082 in China and €0.075 in the US.
• SecondaryEurelectric – US vs EU: the ultimate power prices showdownUS power is cheaper than most European markets because of structurally lower gas prices. Europe's lack of natural gas resources and reliance on imports drives higher electricity costs.