No, not really. Europe is a little bigger. The countries are more like eastern states. [1] This is somewhat important, considering most of the regulation on utilities are at a state level - and the utilities kind of are as well. Some of the countries are somewhat populous - you know, like states - and some have a pretty sparse population. You know, like states.

[1] https://www.tripsavvy.com/so-just-how-big-is-europe-compared...).