Ensuring Competitiveness: Lessons from Europe's High Energy Costs

A recent study by BusinessEurope sheds light on a crucial issue: energy costs in the European Union are projected to remain significantly higher than in the United States and China, even under a best-case net-zero scenario. This poses a serious threat to the competitiveness of European companies, which will struggle to match the lower energy costs enjoyed by their counterparts across the Atlantic and in Asia.

At CEA, we have consistently emphasized the need for a sensible energy policy that prioritizes permanent power sources like natural gas and nuclear to ensure grid reliability and avoid blackouts and brownouts. The EU's experience underscores the importance of energy diversity and the risks of over-reliance on imports and intermittent renewable sources.

The situation in Europe serves as a stark reminder for policymakers: securing energy at competitive prices is essential for preserving our industrial base and supporting economic growth. We must continue advocating for an all-of-the-above approach to energy that balances affordability, reliability, and environmental responsibility.

Let's work together to ensure our energy policies foster innovation, economic stability, and a brighter future for all consumers.