In the third quarter of 2025, Bermuda had the highest household electricity prices worldwide, followed by Ireland, Italy, and Germany. At the time, Irish households were charged around 0.44 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.42 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices still have not returned to pre-pandemic levels, such as in countries like Italy, where prices are forecast to reach ****** euros per megawatt hour in September 2025. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market. As of August 2025, electricity prices in Italy have decreased to ****** euros per megawatt hour, reflecting ongoing volatility in the market.

Chad TD: Residential Electricity Price: USD per kWh data was reported at 0.330 USD/kWh in 2020. This records an increase from the previous number of 0.320 USD/kWh for 2019. Chad TD: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.335 USD/kWh from Dec 2015 (Median) to 2020, with 6 observations. The data reached an all-time high of 0.340 USD/kWh in 2017 and a record low of 0.320 USD/kWh in 2019. Chad TD: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Chad – Table TD.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

Household electricity prices in China amounted to 7.5 U.S. dollar cents per kilowatt-hour in June 2024. Residential electricity prices increased steadily in the country from September 2020 to September 2021, when it reached 9.3 U.S. dollar cents per kilowatt-hour, and decreased to less than eight U.S. dollar cents per kilowatt-hour in the following months. Growing demand for affordable electricity Through China’s decades of industrialization, increasing power demand has been a constant factor, and policymakers and utility companies have had to balance it with affordability for a population with a relatively low per capita income. Keeping residential electricity prices at a low level is vital, given that many depend on air conditioning in China’s harsh summer months. However, with China’s ongoing electrification of private and public transportation, the demand for electricity will only increase. From black coal to sustainable green The history of the electricity industry is one of constant change and adaptation. Despite its size, China is not rich in energy resources. With coal being the only available fuel, it has supplied electricity to 1.4 billion people and an economy that has undergone incredible growth in the past four decades. However, the reliance on coal has left behind a black legacy of high carbon emissions and severe air pollution. With the highest investments in renewables worldwide, China attempts to transform its energy industry into a sustainable future.

Pakistan PK: Residential Electricity Price: USD per kWh data was reported at 0.300 USD/kWh in 2020. This records an increase from the previous number of 0.280 USD/kWh for 2019. Pakistan PK: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.290 USD/kWh from Dec 2014 (Median) to 2020, with 7 observations. The data reached an all-time high of 0.330 USD/kWh in 2015 and a record low of 0.270 USD/kWh in 2018. Pakistan PK: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Pakistan – Table PK.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

Indonesia ID: Residential Electricity Price: USD per kWh data was reported at 0.200 USD/kWh in 2020. This records a decrease from the previous number of 0.220 USD/kWh for 2019. Indonesia ID: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.200 USD/kWh from Dec 2000 (Median) to 2020, with 21 observations. The data reached an all-time high of 0.330 USD/kWh in 2003 and a record low of 0.170 USD/kWh in 2013. Indonesia ID: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Indonesia – Table ID.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in U.S. City Average (APU000072610) from Nov 1978 to Sep 2025 about electricity, energy, retail, price, and USA.

Complete dataset of average residential and commercial electricity rates in cents per kWh for all 50 states and D.C. as of December 2025.

Ukraine UA: Residential Electricity Price: USD per kWh data was reported at 0.140 USD/kWh in 2021. This records an increase from the previous number of 0.130 USD/kWh for 2020. Ukraine UA: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.145 USD/kWh from Dec 2016 (Median) to 2021, with 6 observations. The data reached an all-time high of 0.180 USD/kWh in 2017 and a record low of 0.130 USD/kWh in 2020. Ukraine UA: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ukraine – Table UA.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

Household electricity prices in Mexico amounted to 11 U.S. dollar cents per kilowatt-hour in December 2024. Residential electricity prices have increased steadily in the country since the end of 2020, when they were at 8.2 U.S. dollar cents per kilowatt-hour. Still, Mexico was among the countries with the lowest household electricity prices worldwide.

Germany DE: Industry Electricity Price: USD per kWh data was reported at 0.210 USD/kWh in 2021. This stayed constant from the previous number of 0.210 USD/kWh for 2020. Germany DE: Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.145 USD/kWh from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 0.210 USD/kWh in 2021 and a record low of 0.080 USD/kWh in 2000. Germany DE: Industry Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Germany – Table DE.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

Turkmenistan TM: Residential Electricity Price: USD per kWh data was reported at 0.010 USD/kWh in 2020. This records a decrease from the previous number of 0.020 USD/kWh for 2019. Turkmenistan TM: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.015 USD/kWh from Dec 2019 (Median) to 2020, with 2 observations. The data reached an all-time high of 0.020 USD/kWh in 2019 and a record low of 0.010 USD/kWh in 2020. Turkmenistan TM: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Turkmenistan – Table TM.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

Bulgaria BG: Industry Electricity Price: USD per kWh data was reported at 0.340 USD/kWh in 2021. This records an increase from the previous number of 0.260 USD/kWh for 2020. Bulgaria BG: Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.290 USD/kWh from Dec 2007 (Median) to 2021, with 15 observations. The data reached an all-time high of 0.340 USD/kWh in 2021 and a record low of 0.260 USD/kWh in 2020. Bulgaria BG: Industry Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Bulgaria – Table BG.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

Chile’s electricity market price has been on an overall increasing trend recently, reaching ***** Chilean pesos per kilowatt-hour in May 2024 (based on a four-month average ending in this month). The highest figure since the beginning of 2020 was ***** Chilean pesos per kilowatt-hour, recorded in April 2023. The cost of electricity generation in Chile In 2022, coal accounted for ** percent of Chile’s gross electricity generation, while natural gas contributed another ** percent. As such, the country’s electricity generation depends largely on fuel imports – for example, Chile's coal production plummeted over the last few years, recording a year-over-year decrease of around ** percent. In turn, the price of electricity in the Andean country is highly dependent on international fuel prices and the valuation of the U.S. dollar in comparison to the local currency. Nevertheless, the share of renewables in Chile’s power mix – namely hydro and wind power – has been continuously increasing in recent years, pointing to a reduction in the country’s dependency on imported resources for electricity generation. How does Chile’s electricity price compare with its Latin American neighbors? In June 2023, Chile’s household electricity price was just above the average residential electricity price of Latin American countries at **** U.S. dollars per kilowatt-hour. Chile’s residential electricity price was nearly double that of Mexico and over four times the price reported in Argentina in the same period. In terms of electricity for the commercial sector, Chile’s prices were below the Latin American regional average, and its electricity cost less than some South American countries, such as Brazil, Colombia, and Mexico.

Electricity prices for businesses amounted to *** cents per kilowatt-hour on the U.S. dollar in China in June 2024. Business electricity prices decreased in the country from over **** cents per kilowatt-hour in June 2020. Household electricity in China was cheaper, amounting to *** cents per kilowatt-hour in March 2024. Overhauling price calculation Since its liberalization of the state electricity market, the National Development and Reform Commission introduced an overhaul of the electricity pricing model in mid-2023. Based on the premise of “cost plus reasonable profit” the reforms were aimed at introducing fairer and more transparent rates while also promoting more efficient utilization of the electricity grid. In the new system, businesses enjoy lower electricity rates if they use higher voltages, reflecting a more accurate distribution of grid utilization costs. Competition in industrial policy For many years, the Chinese government has been accused of using subsidized electricity prices to give domestic companies an advantage on the world market. In the EV race, they come up again. To accelerate the industrialization of the country, policymakers have set up ambitious development goals and created the necessary framework to achieve them. For instance, electric battery manufacturers could utilize significant government support. However, often, subsidies like preferential electricity prices are difficult to prove, and in response to European and American accusations, Beijing points to the Inflation Reduction Act in the U.S. and similar subsidy programs in the European Union.

In September 2023, Jamaica was one of the Central American countries with the highest electricity price for household consumers. The residential electricity bill in this country amounted to 0.25 U.S. dollars per kilowatt-hour that month, down from 0.33 U.S. dollars per kilowatt-hour in March 2023.

Kazakhstan KZ: Industry Electricity Price: USD per kWh data was reported at 0.110 USD/kWh in 2021. This records a decrease from the previous number of 0.120 USD/kWh for 2020. Kazakhstan KZ: Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.120 USD/kWh from Dec 1994 (Median) to 2021, with 28 observations. The data reached an all-time high of 0.500 USD/kWh in 1994 and a record low of 0.080 USD/kWh in 2006. Kazakhstan KZ: Industry Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Kazakhstan – Table KZ.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

Electricity prices for businesses in Mexico amounted to **** U.S. dollar cents per kilowatt-hour in September 2024. Business electricity prices have increased steadily in the country since the end of 2020, when they were at **** U.S. dollar cents per kilowatt-hour. By comparison, household electricity prices in Mexico were lower, amounting to approximately ** U.S. dollar cents per kilowatt-hour as of the last quarter of 2023.

Uzbekistan UZ: Residential Electricity Price: USD per kWh data was reported at 0.110 USD/kWh in 2021. This records a decrease from the previous number of 0.130 USD/kWh for 2020. Uzbekistan UZ: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.135 USD/kWh from Dec 2012 (Median) to 2021, with 10 observations. The data reached an all-time high of 0.160 USD/kWh in 2016 and a record low of 0.110 USD/kWh in 2021. Uzbekistan UZ: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Uzbekistan – Table UZ.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

In 2024, the retail price of electricity for residential customers in the United States averaged 16.48 U.S. cents per kilowatt-hour. Households are charged more than the commercial and industrial sectors, because of the higher distribution costs. Since 2020, electricity customers have seen electricity prices increase in the U.S. and peak in 2024. The U.S. electricity market The U.S. electricity market is led by several types of electricity providers, such as cooperatives, municipal systems, and shareholder-owned electric utilities. In 2022, cooperatives were the most common type of ownership in the U.S., with more than 600 providers. That year, the U.S. electric utility industry revenue amounted to 488 billion U.S. dollars. Electricity prices around the world Electricity prices vary widely from country to country, depending on energy sources used, as well as government and industry subsidies and regulations. In 2023, Ireland and the United Kingdom had some of the highest household electricity prices worldwide. Meanwhile, U.S. households paid some of the lowest prices. However, leading oil and gas-producing regions such as the Middle East registered the cheapest rates overall.