High cost of energy

A major challenge undermining the competitiveness of European industry – especially in comparison to the U.S. and China – is the high cost of energy, which significantly raises production expenses.

Ensuring affordable energy access is therefore critical for sustaining European business competitiveness. 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.

Source: Eurostat