EU companies and households pay two to three times as much for electricity as their competitors.

Omissions

• The ratio depends heavily on the comparison benchmark and segment: against the US industrial price the multiple is ~2.6x, against China ~2.4x, but the EIB reports EU business prices only ~1.6x US (226€/MWh vs 139€/MWh).
• For households the supported multiple is 'more than twice' US levels, not the upper bound of 'three times' claimed by the speaker.
• The 'two to three times' range is anchored on the 2024 industrial comparison; citing the upper bound of three times is at the very high end of available evidence.

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 ...
• PrimaryEuropean Investment Bank (EIB) – Europe's clean energy transitionElectricity prices paid by EU business are roughly twice as high as those paid by US companies (an average of 226€/MWh in Europe vs 139€/MWh in the United ...) (≈1.6x)
• SecondaryBusiness Europe – 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. This stark price disparity directly impacts the EU's industrial competitiveness. (≈2.4x China, ≈2.6x US)
• SecondaryBruegel – Who should be charged? Principles for fair allocation of electricity system costsFigure 2: EU household/industry price ratio and final household electricity prices, first half of 2024 ... European household paid more than twice ...