Why ‘Made in Europe’ risks pricing itself out - European Electricity is up to 3x costlier than in the US/China.
Europe pays a 20-60% electricity penalty – can industry compete?
European producers pay up to 3x more for electricity than the US or China. With power making up nearly a third of product costs, this ‘electricity penalty’ adds a 60% price margin to made-in-Europe goods.
Dr Roelof Platenkamp, industry expert and Senior Partner Clear (ex-Shell, founder Tulip Oil) argues that no amount of efficiency gains can offset a grid this costly in his latest report on European Energy Competitiveness.
To dive into the full report on global nuclear trends and Europe’s path forward, comment “Energy”.
