The price of electricity in Europe is also approximately double that of the US.

This is not true, it varies widely between countries, just as it varies between states in the US.

	▲	bryanlarsen an hour ago \| parent [-]
		The average price of electricity in Europe is 29 cents. The average price in the US is 17 cents. Both have a very wide variance. I'm not sure if there's anywhere in Europe that pay more than PG&E customers in the US...