IEA’s chart for “final electricity price for large industrial customers in energy-intensive industries” [1] shows the US cheaper than China, but this is using data from Texas as representative. I’m not sure how they back this representation up, or how different this is from GPP “business” prices. So “most places in the US cheaper than China” may be wrong, but certain states or regions are at least competitive.
This is very misleading and almost certainly deliberately so.
Texas is the only is State that doesn't participate in the national grid (90% anyhow). Their prices are lower because they dont abide by the regulations that they would be required to if they did. Like weather proofing infrastructure.
This is also why their grid crumbles every time it gets cold, or hot, or... Tuesday.
See the 2021 grid failure for a particularly bad example. In that instance somewhere between 250-700 Texans died to keep their prices low.[0]
[1] https://www.iea.org/reports/electricity-2026/prices