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 in countries like Italy are forecasted to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. 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 April 2025. This represents an increase of about ** euros compared to the previous year, suggesting that gas prices will continue to influence electricity rates across Europe. 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.

Ireland, Italy, and Germany had some of the highest household electricity prices worldwide, as of March 2025. At the time, Irish households were charged around 0.45 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.43 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.

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.

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.

This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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

A table listing the average electricity rates (kWh) of all 50 U.S. states as of March 2025.

Switzerland Industry Electricity Price: USD per kWh data was reported at 0.110 USD/kWh in 2021. This records an increase from the previous number of 0.100 USD/kWh for 2020. Switzerland Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.105 USD/kWh from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 0.160 USD/kWh in 1994 and a record low of 0.090 USD/kWh in 2009. Switzerland 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 Switzerland – Table CH.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: 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.

Kyrgyzstan KG: Residential Electricity Price: USD per kWh data was reported at 0.030 USD/kWh in 2021. This stayed constant from the previous number of 0.030 USD/kWh for 2020. Kyrgyzstan KG: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.040 USD/kWh from Dec 2008 (Median) to 2021, with 14 observations. The data reached an all-time high of 0.080 USD/kWh in 2010 and a record low of 0.030 USD/kWh in 2021. Kyrgyzstan KG: 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 Kyrgyzstan – Table KG.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

A comprehensive dataset of average residential, commercial, and combined electricity rates in cents per kWh for all 50 U.S. states.

Israel IL: Industry Electricity Price: USD per kWh data was reported at 0.090 USD/kWh in 2021. This records an increase from the previous number of 0.080 USD/kWh for 2020. Israel IL: Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.090 USD/kWh from Dec 1994 (Median) to 2021, with 28 observations. The data reached an all-time high of 0.120 USD/kWh in 2008 and a record low of 0.080 USD/kWh in 2020. Israel IL: 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 Israel – Table IL.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

Lithuania LT: Industry Electricity Price: USD per kWh data was reported at 0.260 USD/kWh in 2021. This records an increase from the previous number of 0.220 USD/kWh for 2020. Lithuania LT: Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.285 USD/kWh from Dec 2008 (Median) to 2021, with 14 observations. The data reached an all-time high of 0.350 USD/kWh in 2013 and a record low of 0.220 USD/kWh in 2020. Lithuania LT: 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 Lithuania – Table LT.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

Electricity prices for industries in the United States increased over the past few years, peaking in summer 2022. Industrial electricity prices amounted to **** U.S. cents per kilowatt-hour in May 2024, up from **** U.S. dollar cents per kilowatt-hour the previous month. The average retail electricity price for industrial consumers in the United States stood at **** U.S. dollar cents per kilowatt-hour in 2023.

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.

Norway NO: Residential Electricity Price: USD per kWh data was reported at 0.130 USD/kWh in 2021. This records an increase from the previous number of 0.070 USD/kWh for 2020. Norway NO: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.100 USD/kWh from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 0.140 USD/kWh in 2003 and a record low of 0.070 USD/kWh in 2020. Norway NO: 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 Norway – Table NO.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

Electricity prices for businesses in Mexico amounted to 20.5 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 15.3 U.S. dollar cents per kilowatt-hour. By comparison, household electricity prices in Mexico were lower, amounting to approximately 11 U.S. dollar cents per kilowatt-hour as of the last quarter of 2023.

Argentina AR: Residential Electricity Price: USD per kWh data was reported at 0.100 USD/kWh in 2021. This records a decrease from the previous number of 0.130 USD/kWh for 2020. Argentina AR: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.105 USD/kWh from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 0.170 USD/kWh in 2019 and a record low of 0.070 USD/kWh in 2011. Argentina AR: 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 Argentina – Table AR.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.