Piotr Müller· ECR

Nuanced

The Draghi report indicates that energy prices in Europe are 2-3 times higher than in China or the United States

Omissions

• The Draghi report specifically refers to 'electricity retail prices' and 'electricity prices for industrial sectors' rather than 'energy prices' broadly. While electricity is a major component of energy costs, the report's comparison is more specific than the general claim suggests.
• The comparison is primarily focused on industrial electricity prices, which are particularly relevant for EU competitiveness and manufacturing, rather than household energy prices.
• The report was published in September 2024, and the data cited reflects the situation at that time, not necessarily current 2026 prices.

Sources

• PrimaryEuropean Commission - The future of European competitiveness (Draghi Report)Electricity retail prices – specifically those for industrial sectors – are currently two to three times those in the US and China.
• PrimaryEuropean Commission - Draghi Report Part BEU companies still face electricity prices that are 2-3 times those in the US and natural gas prices that are 4-5 times those in the US.
• SecondaryRenewable Energy Institute - Draghi Report analysisEU companies still face electricity prices that are 2-3 times those in the US and four to five times those of natural gas in the US.
• SecondaryEnergy Institute - The future of European competitiveness and the energy transitionEU companies still face electricity prices that are 2–3 times those in the US, and natural gas prices that are 4–5 times higher.