Countries With The Most Expensive, & Cheapest Electricity Prices (Electricity Prices Around The World)

Countries With The Most Expensive, & Cheapest Electricity Prices (Electricity Prices Around The World)

This is a quick guide outlining the countries in the world with the most expensive, and cheapest electricity prices.

 

Summary – Countries With The Most Expensive & Also The Cheapest Electricity

  • Different countries may have higher or lower electricity prices, and different States, provinces, cities, and towns within a country, may all have different electricity prices, depending on the the factors and variables that impact electricity prices within that specific geographic location, over a specific time period (i.e. weekly, monthly, yearly, and so on). This guide for example shows the different electricity prices in the different States across the United States
  • There are a range of different factors that can impact the price of electricity in any given geographic location, at any given time (electricity prices can be very time sensitive in some places)
  • Electricity rates and rate structures are generally a reflection not only of the energy sources used, but the overall service to deliver electricity to end consumers, taking into account everything that is required to operate within the local electricity grid (and also with external electricity grids if electricity is imported or sold)
  • The prices in the guide below are country averages, as of a specific year, in a specific currency
  • What should also be taken account is the cost of living, purchasing power parity, and adjusted exchange rates. When these factors are taken into account – electricity can make up a higher % of the average wage in one geographic location compared to another
  • There’s also a difference in the raw supply price of electricity, and the end price charged by the electricity retailer to the end use consumer

 

Global Average Electricity Price

  • In March 2019, the average price of electricity globally was 0.15 US Dollars per KWh (globalpetrolprices.com)

 

Countries With Most Expensive Electricity Prices

As of March 2019, some of the countries with the most expensive average prices of electricity (in USD per kWh) were:

  • Bermuda – 0.40 (40 US cents per kWh)
  • Germany – 0.35
  • Denmark – 0.34
  • Belgium – 0.32
  • Jamaica – 0.30
  • Japan – 0.29
  • Portugal – 0.29
  • Ireland – 0.26
  • Italy – 0.26
  • Barbados – 0.26
  • El Salvador – 0.25
  • Spain – 0.25
  • Guatemala – 0.25
  • Australia – 0.25
  • Liechtenstein – 0.25
  • Netherlands – 0.25
  • Czech Republic – 0.23
  • UK – 0.23
  • Uruguay – 0.22
  • Belize – 0.22
  • Austria – 0.22
  • Peru – 0.21
  • New Zealand – 0.21
  • Uganda – 0.21
  • Switzerland – 0.21
  • Luxembourg – 0.21

– globalpetrolprices.com

 

As of 2018, the countries with the most expensive electricity prices (in US cents per kWh) were:

  • Solomon Islands – 99 (US cents per kWh)
  • Vanuatu – 60
  • US Virgin Islands – 51.9
  • Cook Islands – 50.2
  • Tonga – 47
  • Jamaica – 44.7
  • Niue – 44.3
  • Marshall Islands – 41.6
  • Tuvalu – 36.6
  • Germany – 35
  • Denmark – 33
  • Kiribati – 32.7
  • Belgium – 29.1
  • Netherlands – 
  • Italy – 28.4

– worldatlas.com

 

Countries With Cheapest Electricity Prices

As of March 2019, some of the countries with the cheapest average prices of electricity (in USD per kWh) were:

  • Burma – 0.02 (2 US cents per kWh)
  • Iran – 0.03
  • Iraq – 0.03
  • Qatar – 0.03
  • Egypt – 0.03
  • Kazakhstan – 0.04
  • Zambia – 0.04
  • Azerbaijan – 0.04
  • Algeria – 0.04
  • Trinidad & Tobago – 0.05
  • Ukraine – 0.05
  • Afghanistan – 0.05
  • Saudi Arabia – 0.05
  • Pakistan – 0.05
  • Bahrain – 0.05
  • Georgia – 0.06
  • Bangladesh – 0.06
  • Ghana – 0.06
  • Malaysia – 0.06
  • Russia – 0.07
  • Tunisia – 0.07
  • Nigeria – 0.07
  • Vietnam – 0.07
  • India – 0.08
  • Mexico – 0.08
  • Macedonia – 0.08
  • China – 0.08
  • Nepal – 0.08
  • Serbia – 0.08
  • United Arab Emirates – 0.08
  • Sri Lanka – 0.08
  • Armenia – 0.08

– globalpetrolprices.com

 

Average Electricity Price In The United States

The avg. electricity price in the US in March 2019 was:

  • 0.14 USD (14 US cents) per kWh (globalpetrolprices.com)

 

The avg. electricity price in the US in 2017 was:

  • 10.4 US cents per kWh retail price (eia.gov)

 

Average Electricity Price In Other Countries Of Note

In select economies in 2017, electricity prices (in USD per MWh) were:

  • Germany – 344
  • Italy – 263
  • Australia – 237
  • Japan – 227
  • UK – 206
  • Brazil – 200
  • France – 187
  • Singapore – 160
  • USA – 129
  • Turkey – 113
  • Morocco – 111
  • Korea – 109
  • Canada – 109
  • South Africa – 101
  • Argentina – 87
  • Indonesia – 79
  • China – 78
  • India – 75
  • Mexico – 64
  • Russia – 63
  • Saudi Arabia – 23
  • Turkmenistan – 0

– iea.org

 

Wikipedia has a list of electricity prices globally in a table at wikipedia.org

You can sort the table for cheapest to most expensive, or vice versa.

 

Considering Purchasing Power Parity With Electricity Prices

The above data is based on pure USD amounts.

What is not considered is cost of living and purchasing power of the different countries.

You can view purchasing power parity in relation to electricity prices for different countries at IEA.org

As one example, we can see Australia’s raw electricity price average is higher than that of Brazil, Singapore, Morocco and Turkey, but all of these countries have more expensive electricity when considering cost of living, purchasing power parity, adjusted exchange rates, etc.

 

… But, Don’t Just Look At National Averages – Look At State Based Electricity Prices Too

Looking at electricity prices by country may not be specific or deep enough because prices can vary by State and cities as well.

Electricity prices can shoot up or down significantly in each State compared to the national average.

Two good examples of this are in the United States, and Australia. 

 

State based electricity prices in the US can be seen at eia.gov

Hawaii, California, Alaska, and Massachusetts are among those States with some of the highest electricity prices.

 

State based electricity prices in Australia can be seen at:

  • https://gobulk.com.au/australian-electricity-prices/

South Australia currently has the highest electricity prices.

 

Sources

1. https://en.wikipedia.org/wiki/Electricity_pricing

2. https://www.energycouncil.com.au/analysis/electricity-prices-around-the-world-what-is-the-impact-of-renewable-charges/

3. https://www.globalpetrolprices.com/Democratic-Republic-of-the-Congo/electricity_prices/

4. https://www.eia.gov/electricity/state/

5. https://www.iea.org/statistics/prices/

6. https://gobulk.com.au/australian-electricity-prices/

7. https://www.worldatlas.com/articles/electricity-rates-around-the-world.html

2 thoughts on “Countries With The Most Expensive, & Cheapest Electricity Prices (Electricity Prices Around The World)”

  1. You need to be better informed. In Nepal, the price for electricity is not .08 cents but 15 cents per kWh or about 14 rupees.

    Reply
    • PAKISTAN :
      AS OF June 28, 2019
      A-1 GENERAL SUPPLY TARIFF – RESIDENTIAL KW/H

      RS. PRICE in KPR
      ii 1- 100 Units – – 10.87
      iii 101- 200 Units – – 14.00
      iv 201- 300 Units – – 15.58
      v 301- 700 Units – – 16.85 – im in this bracket with AC or S9 antminer on
      vi Above 700 Units – – 18.95

      Reply

Leave a Comment