European industry pays around twice as much for energy or electricity as American industry.

Omissions

• For industrial electricity specifically, the EU–US gap is generally larger than 'around twice': roughly 2.5–2.65 times in 2023–2024 (Bruegel: 158% higher; BusinessEurope: €0.199 vs €0.075 per kWh). The claim is therefore conservative rather than overstated.
• For industrial gas, the gap is even wider (Bruegel: EU industrial gas prices 345% higher than US in 2023, i.e., ~4.5 times), so 'around twice as much for energy' is a moderate, if anything understated, characterisation.
• The IEA source (Electricity 2026, published in early 2026, covering 2025 data) post-dates the session in publication but describes a period before the session date, so the MEP could reasonably have known similar data.
• The European Commission's 2025 Report on energy prices and costs in Europe (EUR-Lex CELEX:52025DC0072) confirms the trajectory of rising EU industrial electricity prices (from 132 EUR/MWh in 2020 to 238 EUR/MWh in H2 2024) but the US comparison ratio was not extractable from the search snippet.

Sources

• PrimaryInternational Energy Agency – Electricity 2026, PricesAverage EU wholesale electricity price remained the highest among the markets analysed in 2025 – roughly twice that of the United States and India; 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)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.
• 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. This stark price disparity directly impacts the competitiveness of European industry.
• 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. Average EU industrial electricity prices were roughly two and a half times higher than in the US.