Thanks in large part to Germany's decision to phase out nuclear power and push into green energy, companies there now pay some of the highest prices in the world for power. On average, German industrial companies with large power appetites paid about 0.15 euros ($0.21) per kilowatt hour (kWh) of electricity last year, according to Eurostat, the European Union's statistics agency.
In the United States, electricity prices are falling thanks to natural gas derived from fracking - the hydraulic fracturing of rock. Louisiana now boasts industrial electricity prices of just $0.055 per kWh, according to U.S. Energy Information Administration data.German companies are responding by shifting production to the U.S. It seems unfair, but with any luck the new U.S. energy policies will fix all that.