In 2022, the average end-use electricity price in the United States stood at around 12.2 U.S. cents per kilowatt-hour. This figure is projected to decrease in the coming three decades, to reach some 11 U.S. cents per kilowatt-hour by 2050.

Wholesale electricity prices in the United Kingdom hit a record-high in 2022, reaching 21.7 British pence per kilowatt-hour that year. Projections indicate that prices are bound to decrease steadily in the next few years, falling under five pence per kilowatt-hour by 2030.

Wholesale electricity prices in the European Union (EU) increased in 2024 after recovering from the global energy crisis in 2023. This was the result of a myriad of factors, including increased demand in the “post-pandemic” economic recovery, a rise in natural gas and coal prices, and a decline in renewable power generation due to low wind speeds and drought. Nuclear power's critical role In 2023, nuclear and wind were among the leading sources of electricity generation in the EU, accounting for more than one-third of the output. Nuclear energy continues to play a crucial role in the European Union's electricity mix, generating approximately 619 terawatt-hours in 2023, which accounted for about 20 percent of the region's power production. However, the future of nuclear power in Europe is uncertain, with some countries like Germany phasing out their nuclear plants while others maintain their reliance on this energy source. The varied approaches to nuclear power across EU member states contribute to the differences in electricity prices and supply stability throughout the region.

Renewable energy's growing impact As Europe strives to decarbonize its energy sector, renewable sources are gaining prominence. Wind power in Europe, in particular, has seen significant growth, with installed capacity in Europe reaching 257.1 gigawatt hours in 2023. This expansion of renewable energy infrastructure is gradually reshaping the electricity market, potentially leading to more stable prices in the long term. However, the intermittent nature of some renewable sources, such as wind and solar, can still contribute to price fluctuations, especially during periods of low output.

Germany's electricity prices have experienced an increase in the latter half of 2024 and the beginning of 2025, reaching an average of 140.42 euros per megawatt-hour in February 2025. This marks a notable decrease from the record high of over 469 euros per megawatt-hour in August 2022, yet remains above pre-pandemic levels. The ongoing volatility in energy prices continues to impact German households and businesses, reflecting broader trends across Europe's energy landscape. Electricity price recovery German electricity prices began recovering back to pre-energy crisis levels in 2024, a period driven by a complex interplay of factors, including increased heating demand, reduced wind power generation, and water scarcity affecting hydropower production. The rise in natural gas and coal prices, exacerbated by the economic recovery post-COVID-19 and the Ukraine conflict, further contributed to the spike. Despite Germany's progress in renewable energy sources, with over 50 percent of gross electricity generated from renewable sources in 2023, the country still relies heavily on fossil fuels. Coal and natural gas accounted for approximately 40 percent of the energy mix, making Germany vulnerable to fluctuations in global fuel prices. Impact on consumers and future outlook The volatility in electricity prices has directly impacted German consumers. As of April 1, 2024, households with basic supplier contracts were paying around 46 cents per kilowatt-hour, making it the most expensive option compared to other providers or special contracts. The breakdown of household electricity prices in 2023 showed that supply and margin, along with energy procurement, constituted the largest controllable components, amounting to 40.6 and 11.6 euro cents per kilowatt-hour, respectively. While prices have decreased since the 2022 peak, they remain higher than pre-crisis levels, underscoring the ongoing challenges in Germany's energy sector as it continues its transition towards renewable sources.

The global energy price index stood at around 106.9 in 2023. This was a decrease of 45 points compared to the previous year, when fuel and power demand increased as the economies recovered from the coronavirus pandemic. For 2024, forecasts suggest the price index would decrease to 104. Price indices show the development of prices for goods or services over time relative to a base year. Commodity prices may be dependent on various factors, from supply and demand to overall economic growth. Electricity prices around the world As with overall fuel prices, electricity costs for end users are dependent on power infrastructure, technology type, domestic production, and governmental levies and taxes. Generally, electricity prices are lower in countries with great coal and gas resources, as those have historically been the main sources for electricity generation. This is one of the reasons why electricity prices are lowest in resource-rich countries such as Qatar, Russia, and the United States. Meanwhile, many European governments that have introduced renewable surcharges to support the deployment of solar and wind power and are at the same time dependent on fossil fuels imports, have the highest household electricity prices. Benchmark oil prices One of the commodities found within the energy market is oil. Oil is the main raw material for all common motor fuels, from gasoline to kerosene. In resource-poor and remote regions such as Alaska, Hawaii, and Cyprus, it is also one of the largest sources for electricity generation. Benchmark oil prices such as Europe’s Brent, the United States' WTI, or the OPEC basket are often used as indicators for the overall energy price development.

For the third year in a row, the Mexican electric water heater market recorded growth in sales value, which increased by 34% to $364M in 2024. In general, consumption enjoyed a prominent expansion. Over the period under review, the market attained the maximum level in 2024 and is expected to retain growth in the near future.

This repository provides data from the GenCost project. The GenCost project is a collaboration between CSIRO and AEMO, together with stakeholder input, to deliver an annual process of updating electricity generation and storage costs. Each report incorporates updated current and future cost estimates and global electricity scenarios.

Lineage: Current costs are updated by external engineering consulting firms and form the basis of CSIRO projections. The projection methodology is grounded in a global electricity generation and capital cost projection model recognising that cost reductions experienced in Australia are largely a function of global technology deployment. The potential for local learning is also recognised.

The objective of the plan4res project is to provide a well-structured and highly modular modelling framework to enable consistent insights into the different needs of future energy system. Three case studies will highlight the potentials of this framework by dealing with different aspects of a future energy systems.

Case study 3 will focus on cost of RES integration and impact of climate change for the European electricity system in a future world with high shares of renewable energy sources. Ist overall objectives are to identify the Cost of RES integration and impact of climate change for the European electricity system in a future world with high shares of renewable energy sources will be the main focus of case study 3.

The present dataset contains all the public data built for this case study.

The related documentation is included in plan4res deliverable D4.5

https://doi.org/10.5281/zenodo.3785010

Retail residential electricity prices in the United States have mostly risen over the last decades. In 2023, prices registered a year-over-year growth of 6.3 percent, the highest growth registered since the beginning of the century. Residential prices are projected to continue to grow by two percent in 2024. Drivers of electricity price growth The price of electricity is partially dependent on the various energy sources used for generation, such as coal, gas, oil, renewable energy, or nuclear. In the U.S., electricity prices are highly connected to natural gas prices. As the commodity is exposed to international markets that pay a higher rate, U.S. prices are also expected to rise, as it has been witnessed during the energy crisis in 2022. Electricity demand is also expected to increase, especially in regions that will likely require more heating or cooling as climate change impacts progress, driving up electricity prices. Which states pay the most for electricity? Electricity prices can vary greatly depending on both state and region. Hawaii has the highest electricity prices in the U.S., at roughly 43 U.S. cents per kilowatt-hour as of May 2023, due to the high costs of crude oil used to fuel the state’s electricity. In comparison, Idaho has one of the lowest retail rates. Much of the state’s energy is generated from hydroelectricity, which requires virtually no fuel. In addition, construction costs can be spread out over decades.

According to Cognitive Market Research,the global smart electricity meter market size was valued at USD XX in 2023 and is expected to grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2029.

The smart electricity meter market will grow significantly by XX% CAGR between 2024 to 2029
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
Asia Pacific dominated the market and accounted for the highest revenue of XX% in 2023 and is projected that it will grow at a CAGR of XX% in the future.
The report includes an analysis of the regional as well as Smart electricity meter market key players, application areas, and market growth strategies.
Detailed analysis of Market Drivers, Restraints, and Opportunities.

Market Dynamics of Smart Electricity Meter

Key Drivers

Monitoring Utility systems in real-time is a driving factor for Smart meter

The acceptance of smart electricity meter is to monitor utility systems in real time is on the rise due to several benefits they provide. Real-time communication between smart electricity meters and the utility provider enables precise and current data on energy consumption. This can assist the utility company in detecting and responding to outages faster, as well as in better managing its power grid. Furthermore, smart meters give users access to more precise information about how much energy they use, which can empower them to make more intelligent decisions and possibly reduce their utility costs. Smart electricity meter real-time monitoring facilitates the integration of renewable energy sources, increases grid reliability, and helps users optimize operational efficiency. Utilities that have access to timely and accurate data are able to identify inefficient areas, take care of maintenance problems, and enhance overall system performance. They have built-in technology that assists in identifying power theft and meter tampering, two issues that utility companies are very concerned about. Overall, the power grid's cost-effectiveness, dependability, and efficiency have all improved with the use of smart meters for real-time utility system monitoring. enhancing its future suitability.

Technological Upgradations in smart electricity meter to boost the market growth

Utilities can now gather real-time data on energy consumption more efficiently thanks to the development of Advanced Metering Infrastructure, which combines smart meters with data management and communication networks. This results in improved outage management, increased operational efficiency, and more precise billing. Zingbee, Wi-Fi, and cellular networks are examples of communication protocol innovations that have made it possible for smart meters to securely and reliably communicate with utility backend systems. By enabling two-way communication, these protocols improve grid management capabilities by enabling utilities to send commands to meters and receive data instantly. For Instance, in march 2024, Utildata and Nvidia announced the start of cooperation on their partner network module. The first manufacturer of meters to incorporate technology that combines Nvidia's chip and Jetson's platform with Utildata distributed artificial intelligence software is Aclara Technologies, which was acquired by electronics giant Hubbell Inc. in 2017 (source https://www.latitudemedia.com/news/aclara-joins-nvidia-and-utilidata-in-bringing-ai-to-the-smart-meter ) With this announcement, Nvidia's distributed artificial intelligence platform, powered by Utildata, enters into its first hardware partnership. The platform will eventually enable real-time visibility into web activity.

Restraints

Market expansion is hampered by the absence of a standard smart electricity meter

The smart electricity meter is widespread in areas, but then also security and monetary concerns among end users regarding smart electricity meters are expected to act as a barrier to the growth of the industry. The ambiguity and lack of knowledge regarding smart power meters is causing end customers to be reluctant to adopt this technology. Additionally, regulatory agencies and governments are asked to cover the early expenses of research and development for smart power meters due to their novelty. This means that administrative authorities in the relevant nations must bear this additional cost. For Instan...

Explore the Power Rental Market forecasted to reach USD 12,898 Million in 2024, growing at a CAGR of 4.93% from 2024-2030. Discover key trends, market drivers, and competitive insights in our latest report.

According to Cognitive Market Research, the Global Electric Boilers Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

The Electric Boilers Market will expand significantly by XX% CAGR between 2024 and 2031.
Electric hot water boilers account for the largest market share and are anticipated to have healthy growth over the approaching years.
The application of Electric boilers in residential areas holds the largest market share compared to others.
The offline distribution segment is the market’s largest contributor and is anticipated to expand at a CAGR of XX% during the projected period.
North-America region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future.

Market Dynamics of the Electric Boilers Market

Key Drivers of the Electric Boilers Market

The wide range of benefits of electric boilers is leading to the market growth.

Traditional boilers burn fuels like coal, oil, or gas, which release harmful gases into the air, causing air pollution and eruption to climatic disturbance. Electric boilers on the other hand, run on electricity and do not burn fossil fuels to generate heat. Also, they do not rely on moving elements or others that produce noise; hence, are a perfect example of optimal utilization of resources with less wastage that is carbon emissions. Electric boilers are ideal for backup heating at home to boost your existing central heating system and their efficiency ratings are always high, ranging from 99 to 100%.

The other benefits of electric boilers are their high-efficiency levels, their environmentally friendly nature, flexible and easy installation process, less maintenance requirements, all these advantages make them the better and an attractive option compared to traditional and non-electric boilers.

The increase in demand for electric automobiles is driving the growth of the electric boilers market.

The demand for electric boilers is somewhat related to the demand for electric automobiles. The growing climatic concerns and environmental issues are leading people across the world to think and adopt alternative means. The shift from non-electric means to electric ones has already been initiated by almost all the regions to cater energy efficient, environmentally friendly installation to sustain the environment. Furthermore, electric boilers are naturally clean and release no direct emissions, which makes them an essential component in achieving the larger objective of lowering greenhouse emissions.

Key Restraints of the Electric Boilers Market

The rise in the price of electricity can restrict the market for electric boilers.

An electric boiler is a device that uses electrical energy to boil water instead of fossil fuels used in traditional gas or boilers. The meaning itself clearly explains that electric boilers are dependent on electricity for their operation. The electric boiler can not work without electricity; hence any change and variation in regards to electricity can directly affect the Electric Boilers Market.

The electricity market has been experiencing price hikes for a few years, which is also a concern for consumers using electric boilers or thinking of owning one in the future. The usage of electric boilers over gas boilers can become costlier if the electricity prices keep on rising. For instance, Electricity prices soared in 2022 during the worst energy crisis, leading to widespread of inflation and energy poverty. The European energy system was the most severely affected region as Italy’s prices for electricity were almost doubled. The prices in the United States and Russia experienced a variation of around 25%. During such situations, it would have been difficult for consumers to even think of using electric boilers and such concerns may affect the demand for the electric boilers in the market. (Source: https://www.statista.com/topics/10726/global-electricity-prices/#topicOverview)

Market Opportunities in the Electric Boilers Market

The emergence of storage battery technologies would allow households to store excess energy.

Battery storage, or battery energy storage systems, are devices that enable energy from renewables, like solar and wind, to be stored and then released when the...

The EU electricity supply meter market skyrocketed to $2.8B in 2023, surging by 21% against the previous year. Over the period under review, consumption enjoyed a strong increase. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

The German electricity supply meter market rose rapidly to $257M in 2023, growing by 12% against the previous year. In general, consumption posted a resilient expansion. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

In 2023, the Lithuanian electricity supply meter market increased by 88% to $50M, rising for the fourth consecutive year after two years of decline. In general, consumption showed significant growth. Electricity supply meter consumption peaked in 2023 and is expected to retain growth in the near future.

Learn about the future of the electrical transformer market in Asia-Pacific, including projected growth in volume and value terms over the next decade.

About This Dataset: Copper Prices and Market Trends

    This dataset provides **insights into copper prices**, including current rates, historical trends, and key factors affecting price fluctuations. Copper is essential in **construction**, **electronics**, and **transportation** industries. Investors, traders, and analysts use accurate copper price data to guide decisions related to **trading**, **futures**, and **commodity investments**.

    ### **Key Features of the Dataset**

    #### **Live Market Data and Updates**
    Stay updated with the latest **copper price per pound** in USD. This data is sourced from exchanges like the **London Metal Exchange (LME)** and **COMEX**. Price fluctuations result from **global supply-demand shifts**, currency changes, and geopolitical factors.

    #### **Interactive Copper Price Charts**
    Explore **dynamic charts** showcasing real-time and historical price movements. These compare copper with **gold**, **silver**, and **aluminium**, offering insights into **market trends** and inter-metal correlations.

    ### **Factors Driving Copper Prices**

    #### **1. Supply and Demand Dynamics**
    Global copper supply is driven by mining activities in regions like **Peru**, **China**, and the **United States**. Disruptions in production or policy changes can cause **supply shocks**. On the demand side, **industrial growth** in countries like **India** and **China** sustains demand for copper.

    #### **2. Economic and Industry Trends**
    Copper prices often reflect **economic trends**. The push for **renewable energy** and **electric vehicles** has boosted long-term demand. Conversely, economic downturns and **inflation** can reduce demand, lowering prices.

    #### **3. Impact of Currency and Trade Policies**
    As a globally traded commodity, copper prices are influenced by **currency fluctuations** and **tariff policies**. A strong **US dollar** typically suppresses copper prices by increasing costs for international buyers. Trade tensions can also disrupt **commodity markets**.

    ### **Applications and Benefits**

    This dataset supports **commodity investors**, **traders**, and **industry professionals**:

    - **Investors** forecast price trends and manage **investment risks**. 
    - **Analysts** perform **market research** using price data to assess **copper futures**. 
    - **Manufacturers** optimize supply chains and **cost forecasts**.

    Explore more about copper investments on **Money Metals**:

    - [**Buy Copper Products**](https://www.moneymetals.com/buy/copper) 
    - [**95% Copper Pennies (Pre-1983)**](https://www.moneymetals.com/pre-1983-95-percent-copper-pennies/4) 
    - [**Copper Buffalo Rounds**](https://www.moneymetals.com/copper-buffalo-round-1-avdp-oz-999-pure-copper/297)

    ### **Copper Price Comparisons with Other Metals**

    Copper prices often correlate with those of **industrial** and **precious metals**:

    - **Gold** and **silver** are sensitive to **inflation** and currency shifts. 
    - **Iron ore** and **aluminium** reflect changes in **global demand** within construction and manufacturing sectors.

    These correlations help traders develop **hedging strategies** and **investment models**.

    ### **Data Variables and Availability**

    Key metrics include:

    - **Copper Price Per Pound:** The current market price in USD. 
    - **Copper Futures Price:** Data from **COMEX** futures contracts. 
    - **Historical Price Trends:** Long-term movements, updated regularly. 

    Data is available in **CSV** and **JSON** formats, enabling integration with analytical tools and platforms.

    ### **Conclusion**

    Copper price data is crucial for **monitoring global commodity markets**. From **mining** to **investment strategies**, copper impacts industries worldwide. Reliable data supports **risk management**, **planning**, and **economic forecasting**.

    For more tools and data, visit the **Money Metals** [Copper Prices Page](https://www.moneymetals.com/copper-prices).

The price of electricity in Finland stood at 40.69 euros per megawatt-hour in October 2024. Prices reached a peak in August 2022, amounting to 262 euros per megawatt-hour.

According to Cognitive Market Research, the global Autonomous Power Distribution System Market size is USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.5% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
The Solar Generator (Modules) held the highest Autonomous Power Distribution System Market revenue share in 2024.

Market Dynamics of Autonomous Power Distribution System Market

Key Drivers for Autonomous Power Distribution System Market

Growing Demand for Off-Grid Solutions to Increase the Demand Globally

The growing call for off-grid answers arises from insufficient admission to reliable power grids in remote and rural regions. Autonomous electricity distribution structures, leveraging renewable strength resources along with solar and wind presents a realistic answer to affect these areas' value correctly. By harnessing sun and wind energy, these systems can function independently of centralized grids, lowering dependency on fossil fuels and mitigating environmental effects. This approach not simplest complements electricity protection but also promotes sustainable improvement through imparting regular and low-cost energy to underserved groups. Moreover, off-grid answers can spur an economic boom by enabling corporations and families to perform more effectively and reliably, consequently enhancing basic first-rate life in remote regions.

Integration of Renewables to Propel Market Growth

The global transition in the direction of renewable strength assets, including sun and wind energy, is accelerating, driven by way of environmental concerns and technological improvements. Autonomous strength distribution systems are mainly adept at coping with and dispensing strength from fluctuating renewable sources. By integrating advanced monitoring and manipulation technologies, those structures can efficaciously balance delivery and call for, making sure, strong and reliable electricity delivery. This capability is critical in maximizing the usage of renewable power, which regularly varies because of climate situations. Moreover, self-reliant structures can optimize electricity garages and distribution, enhancing grid resilience and reducing reliance on traditional fossil fuels. This integration now not handiest helps sustainability dreams but also fosters innovation in electricity management, paving the manner for a more resilient and environmentally friendly electricity future globally.

Restraint Factor for the Autonomous Power Distribution System Market

High Initial Cost to Limit the Sales

Implementing self-sufficient power distribution systems entails large initial fees for hardware consisting of solar panels, windmills, and batteries, along with sophisticated management systems. This monetary outlay often poses a sizeable barrier for capability users, particularly in value-touchy applications. Despite the long-term blessings of reduced operational expenses and strength of independence, excessive upfront funding can deter adoption, particularly in faraway or rural regions with constrained economic sources. However, advancements in generation and reducing expenses of renewable energy additives are steadily making these systems more on hand. Additionally, monetary incentives, grants, and innovative financing fashions are rising to mitigate the preliminary financial burden, encouraging broader adoption of self-sufficient power solutions. Over time, as economies of scale enhance and generation matures, the affordability and feasibility of these syst...

The global Data Center Power Management market is projected to grow significantly, from USD 23,046.6 Million in 2025 to USD 45,324.9 Million by 2035 an it is reflecting a strong CAGR of 7.4%. The growing digital economy has made it essential to have efficient and reliable power infrastructure, which introduces the Data Center Power Management Market.

Attributes	Description
Estimated Size, 2025	USD 23,046.6 million
Projected Size, 2035	USD 45,324.9 million
Value-based CAGR (2025 to 2035)	7.4%

Semi-Annual Market Update

Particular	Value CAGR
H1 2024	6.6% (2024 to 2034)
H2 2024	7.3% (2024 to 2034)
H1 2025	7.1% (2025 to 2035)
H2 2025	7.6% (2025 to 2035)

Country-wise Insights

Countries	CAGR from 2025 to 2035
India	11.6%
China	9.8%
Germany	5.1%
Japan	7.6%
United States	6.5%

Category-wise Insights

Segment	CAGR (2025 to 2035)
Hyper Scale Data Center (Data Center Type)	9.0%

Segment	Value Share (2025)
IT & Telecom (Industry)	20.4%