Our industry currently pays five times more for energy than the US and China
Industry & EmploymentEuropean Union
- Omissions
- The claim refers to 'energy' broadly but the available data specifically covers electricity prices. Industrial gas prices may show different multiples.
- The BusinessEurope source is from an industry association rather than official statistics, though it cites official data sources.
- The IEA Electricity 2026 report was published after the session date but covers 2025 data which the MEP could have known.
- The data shows electricity prices roughly 2.5 times higher, significantly lower than the claimed five times.
- Sources
- SecondaryBusinessEuropeIn 2024, industrial electricity prices in the EU reached €0.199 per kWh, compared to €0.082 in China and €0.075 in the US (EU prices 2.65x US prices, 2.43x China prices)
- SecondaryInternational Energy Agency (IEA) - Electricity 2026Average EU wholesale electricity price remained the highest among the markets analysed in 2025 – roughly twice that of the United States