Energy costs two to three times more in the Eurozone than in the United States or Asia.

Omissions

• The MEP stated 'Eurozone' but available comparative data typically covers the EU-27, not the Eurozone specifically.
• The term 'Asia' is overly broad and misleading: the data supporting the claim uses China as the comparator, but other major Asian economies (Japan, South Korea, Singapore) have significantly higher energy prices that do not fit the 2–3x gap.
• The claim does not distinguish between electricity, natural gas, and other energy sources; the ratio varies substantially by energy type. Natural gas prices show a gap of approximately 4.5x — well above the stated range.
• The claim does not specify whether it refers to industrial, residential, or wholesale prices, which can show meaningfully different ratios.
• Wholesale electricity prices in several EU countries are more competitive with US prices than retail or industrial rates, according to Eurelectric analysis.

Sources

• SecondaryBusinessEurope – Data Hub: High cost of energyIn 2024, industrial electricity prices in the EU reached €0.199 per kWh, compared to €0.082 in China and €0.075 in the US. This yields a ratio of approximately 2.65x (EU vs US) and 2.43x (EU vs China).
• SecondaryBruegel – Decarbonising Competitiveness: four ways to reduce European energy pricesIn 2023, industrial electricity and gas prices in the European Union were 158 percent and 345 percent higher than in the United States, respectively. This means electricity was 2.58x and natural gas was 4.45x the US level.
• 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. Several EU countries actually have more competitive wholesale electricity prices than the US.