European companies pay 2-3 times more for electricity than those in the United States.

Omissions

• The claim does not specify a time period; the most recent comparable data (2024) shows a ratio of approximately 2.65x for industrial prices, which falls within the claimed 2–3x range but is near the upper bound.
• The claim does not specify whether it refers to industrial, commercial, or all non-household consumers. The available comparison (BusinessEurope, 2024) is specifically for industrial electricity prices.
• There is significant variation across EU member states. Nordic countries (Norway, Sweden, Denmark) had average electricity prices consistently lower than some major US markets between 2020 and 2024, making the generalization misleading for those countries.
• The MEP did not cite any source for the claim, and no primary official source directly comparing EU and US industrial electricity prices with the exact 2–3x multiple was found. The main supporting source is an industry association (BusinessEurope).

Sources

• PrimaryEurostat – Non-household electricity prices in 2nd half of 2025In the second half of 2025, the average price of electricity for non-household consumers in the EU was €18.37 per 100 kWh (€0.1837/kWh), a decrease of 3.5% compared to the first half of 2025.
• 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. Ratio EU/US: 0.199 / 0.075 ≈ 2.65x.
• 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. Between 2020 and 2024, average electricity prices in Norway, Sweden and Denmark were consistently lower than some of the main markets in the US.