Wireless sensor nodes need a drastically reduced technical complexity to fit constraints of future applications. Reducing complexity often results in a degradation of energy and bandwidth efficiency. An interesting new approach that promises to reduce both technical complexity and energy consumption is event-based communication (EBC). While practical low-complexity implementations of such systems have already been proposed, the general question of energy and bandwidth efficiency remains open. In this paper, we compare these between EBC and a system relying on classical uniform sampling. We show that EBC is indeed much more energy efficient, and this comes at the cost of bandwidth efficiency. Therefore EBC is particularly suitable in combination with ultra-wideband communication.