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.

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.

Household electricity prices vary significantly around the world. In March 2025, the price of electricity was below 0.1 U.S. dollars per kilowatt-hour in countries which rely on nationally produced fossil fuels for electricity generation, while it exceeded 0.4 U.S. dollars per kilowatt-hour where the power sector is dependent on energy imports.

In September 2024, industrial electricity prices in the European countries of Germany, Italy, and the United Kingdom were among the highest in the world, at around **** U.S. dollars per kilowatt-hour. Singapore was the Asian country with the highest electricity bill worldwide at that time. Lowest electricity prices in the world The average retail electricity price in the United States was considerably lower than in most of Europe. Iceland was the European country with one of the lowest electricity bills for enterprises that month. At the bottom of the ranking were also Russia, Iraq, Qatar, Argentina, and Libya. In these countries, commercial electricity prices amounted to less than *** U.S. dollars per kilowatt-hour. Household electricity prices In addition, European countries had the highest household electricity prices worldwide that month, with Italy at the top of the ranking. By comparison, Iran and Ethiopia had the lowest residential electricity prices in the world.

In 2023, the United Kingdom had the highest industry electricity price worldwide, reaching 25.46 pence per kilowatt-hour. By comparison, the Norway had the lowest price among the listed countries, at 5.31 pence per kilowatt-hour.

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.

Monthly average retail electricity prices by state from EIA (Residential, Commercial, All Sectors).

In 2024, Germany recorded the highest residential electricity price for users within Europe, at 44.11 euro cents per kilowatt-hour. This was followed by Ireland, at 36.11 euro cents per kilowatt-hour. Italy, Cyprus, Belgium, Denmark and Czechia were also among the countries with the highest electricity costs.

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

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

As of December 2024, Guatemala had the highest household electricity price among Latin American countries, with an average of **** U.S. dollars per kilowatt-hour. Argentina reported the lowest rate among the countries displayed, at less than **** U.S. dollars per kilowatt-hour. Electricity prices across the American continent Electricity prices vary considerably across the American continent. The Caribbean country of Jamaica accounted for the highest household electricity price on the continent, after Guatemala and Uruguay, at **** U.S. dollars per kilowatt-hour. In comparison, the residential electricity price in the United States amounted to approximately **** U.S. dollars per kilowatt-hour, like in Brazil. Global electricity prices After recovering from the global energy crisis, global electricity prices fell in most countries worldwide. The wildest price spikes occurred in countries that heavily rely on fossil fuels and energy imports, like the European countries. In some cases, price caps set by governmental institutions kept domestic electricity prices under a certain threshold, such as in Brazil.

Middle Eastern and African countries had the cheapest electricity prices worldwide in December 2024. Namely, the electricity price for Iran's households was only 0.4 U.S. cents per kilowatt-hour of electricity. Ethiopia, Syria, Cuba, and Sudan also had some of the lowest electricity prices worldwide that month.

Turkey TR: Industry Electricity Price: USD per kWh data was reported at 0.310 USD/kWh in 2021. This records a decrease from the previous number of 0.340 USD/kWh for 2020. Turkey TR: Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.280 USD/kWh from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 0.380 USD/kWh in 2002 and a record low of 0.220 USD/kWh in 2007. Turkey TR: 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 Turkey – Table TR.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: 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.

Table comparing electricity prices per kWh and their annual changes in France, Germany, Spain, and Italy, highlighting the variations across European countries. Source: Eurostat.

Japan JP: Residential Electricity Price: USD per kWh data was reported at 0.330 USD/kWh in 2022. This records an increase from the previous number of 0.260 USD/kWh for 2021. Japan JP: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.220 USD/kWh from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 0.330 USD/kWh in 2022 and a record low of 0.190 USD/kWh in 2002. Japan JP: 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 Japan – Table JP.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

Comparison of average electricity prices for residential and industrial use in various countries

European Union - Electricity prices: Non-household, medium size consumers was EUR0.16 Kilowatt-hour in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on August of 2025. Historically, European Union - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.19 Kilowatt-hour in December of 2023 and a record low of EUR0.08 Kilowatt-hour in December of 2017.