Energy Data API - See Why Europe Pays 5x More for Energy
Compare global energy prices in one simple unit: $/MWh. No more confusion between MMBtu, therms, cubic meters, or MWh.
Live Energy Prices by Region ($/MWh)
⚡ Important: Sample data reflecting Q1 2025 market averages. Actual spreads vary significantly based on:
- Contract type (spot vs futures)
- Delivery location and infrastructure
- Local taxes and carbon pricing
- Time of year (winter peaks for gas)
Connect to our API for real-time market data updated every 5 minutes.
| Energy Source | 🇺🇸 USA | 🇬🇧 UK | 🇪🇺 EU | 🇯🇵 Japan | Spread |
|---|---|---|---|---|---|
Natural Gas Henry Hub vs TTF/NBP/JKM benchmarks | $14.50 | $42.00 | $45.00 | $52.00 | 3.6x |
Oil (Heating) Refined heating oil, not crude | $135.00 | $142.50 | $145.00 | $148.00 | 1.1x |
Coal Thermal coal for power generation | $12.80 | $28.50 | $32.00 | $38.00 | 3.0x |
Electricity Wholesale/industrial rates | $68.00 | $165.00 | $155.00 | $145.00 | 2.4x |
📊 Market Reality: Natural Gas shows a 3.6x price spread between regions. While significant, these spreads have narrowed from 2022 peaks when EU gas prices were 8-10x US levels.
🏭 Industrial Impact: Even a 2-3x energy cost difference drives major industrial decisions. Energy-intensive industries (chemicals, steel, fertilizer) are relocating operations to lower-cost regions.
Why Energy Price Comparison is Broken
Unit Confusion
US uses $/MMBtu, UK uses p/therm, EU uses €/MWh, Japan uses ¥/GJ. Comparing is nearly impossible.
Currency Chaos
Exchange rates hide true price differences. A weak Euro makes EU energy seem cheaper than it is.
Energy Density
Different fuels have different energy content. Coal is cheap per ton but expensive per MWh.
Energy Data API - Everything Normalized to $/MWh
Real-Time Energy Price Comparison
// Get current normalized prices across all regions
GET https://api.oilpriceapi.com/v1/energy/compare
// Example response (prices update every minute)
{
"status": "success",
"timestamp": "2025-01-07T15:30:00Z",
"unit": "USD_per_MWh",
"metadata": {
"sources": {
"usa": "Henry Hub (NYMEX)",
"uk": "NBP (ICE)",
"eu": "TTF (ICE)",
"japan": "JKM (Platts)"
}
},
"data": {
"natural_gas": {
"usa": {
"price_local": 2.45,
"unit_local": "USD/MMBtu",
"price_normalized": 14.50
},
"uk": {
"price_local": 225,
"unit_local": "GBp/therm",
"price_normalized": 87.20
}
}
}
}Who Needs Energy Price Comparison?
Manufacturers
Decide where to locate energy-intensive operations. See why BASF moved production from Germany to USA.
Analysts
Track energy arbitrage opportunities. Understand global inflation drivers.
Policy Makers
Compare energy costs across jurisdictions. Design competitive energy policies.
Energy Traders
Spot price disparities instantly. Trade on regional spreads.
Energy Data API Features
All Units Normalized
Everything converted to $/MWh for easy comparison
Real-Time Updates
Prices updated every minute from global exchanges
Historical Data
5 years of normalized price history
Currency Adjusted
Real-time FX rates applied automatically
Multiple Energy Types
Natural gas, oil, coal, electricity, renewables
50+ Countries
Major energy markets worldwide
Start Comparing Global Energy Prices
See why manufacturers are fleeing Europe and why your energy bills keep rising.
Our Data Methodology
How We Ensure Accuracy
- ✓Multiple Sources: We aggregate data from NYMEX, ICE, EEX, and regional exchanges
- ✓Benchmark Selection: Henry Hub for US gas, TTF for EU, NBP for UK, JKM for Asia
- ✓Real-time FX: Currency conversions updated every minute using institutional rates
- ✓Unit Normalization: All energy content converted to MWh using standard conversion factors
Price Variations to Consider
- • Hub prices vs delivered prices
- • Spot vs long-term contracts
- • Industrial vs residential rates
- • Seasonal demand patterns
- • Local taxes and carbon pricing
Current Market Context (Q1 2025)
- • EU gas prices stabilized from 2022 peaks
- • US production at record highs
- • Asian LNG demand growing steadily
- • Renewable integration affecting electricity
- • Carbon pricing impacts in EU/UK
Understanding Global Energy Price Disparities
The energy crisis has exposed massive price disparities between regions. While Americans complain about $2.50/MMBtu natural gas, Europeans pay the equivalent of $15-20/MMBtu. This 6-8x difference has profound implications for industrial competitiveness, inflation, and economic growth.
Why Energy Units Make Comparison Difficult
Energy is traded in different units worldwide:
- Natural Gas: MMBtu (US), therms (UK), MWh (EU), GJ (Asia)
- Oil: Barrels, gallons, liters, tonnes
- Coal: Short tons, metric tonnes, GJ
- Electricity: kWh, MWh, GWh
Our Energy Data API solves this by converting everything to $/MWh, making true comparison possible for the first time.
The Hidden Cost of Energy in Europe
European manufacturers pay 5-7x more for natural gas than US competitors. This translates to:
- Fertilizer plants shutting down (70% of EU capacity offline)
- Steel production moving to US
- Chemical giants like BASF relocating
- Permanent deindustrialization risk
Energy Arbitrage Opportunities
The massive spreads create opportunities:
- LNG shipping from US to Europe
- Industrial relocation strategies
- Cross-border electricity trading
- Energy-intensive cryptocurrency mining