The average retail price of electricity for households has risen steadily in the United States, reaching a peak of around 15.98 cents per kilowatt-hour in 2023. In the U.S., electricity prices tend to reflect base overnight costs for power plants, their maintenance, fuel costs, and the operation of power grids. How electricity rates differ across states in the U.S. The price of electricity varies widely across states. Hawaii has continuously had one of the highest rates and Washington one of the lowest. In Hawaii, the power sector is largely reliant on petroleum and diesel generators. Crude oil is a comparatively expensive fuel and prices tend to be volatile, driving up overall electricity prices. Meanwhile, electricity prices are low in states which use hydropower as the main source of electricity, as Washington. In the U.S., costs of electricity are greatly shaped by the primary power source used per state. Maintaining the power grid In addition to primary fuel purchases, the costs required to operate and maintain transmission and distribution systems also impact the prices that a household pays. In 2022, power utilities reported a peak in grid operating expenses, with transmission-related costs reaching 15.9 billion U.S. dollars and almost six billion U.S. dollars invested in distribution networks.

Germany Electricity decreased 29.73 EUR/MWh or 25.69% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Germany Electricity Price.

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.

The average wholesale electricity price in July 2025 in the United Kingdom is forecast to amount to****** British pounds per megawatt-hour, a decrease from the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged ***** British pounds per megawatt-hour.
Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

France Electricity decreased 4.49 EUR/MWh or 6.43% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for France Electricity Price.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Chicago-Naperville-Elgin, IL-IN-WI (CBSA) (APUS23A72610) from Nov 1978 to Dec 2024 about Chicago, electricity, energy, IL, IN, WI, urban, retail, price, and USA.

The global energy price index stood at around 101.5 in 2024. Energy prices were on a decreasing trend that year, and forecasts suggest the price index would decrease below 80 by 2026. 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 Iran, Qatar, and Russia. 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 fuel 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 the United States' states of Alaska and Hawaii, or the European country of Cyprus, it is also one of the largest sources for electricity generation. Benchmark oil prices such as Europe’s Brent, the U.S.' WTI, or the OPEC basket are often used as indicators for the overall energy price development.

Italy Electricity decreased 21.69 EUR/MWh or 15.74% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Italy Electricity Price.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Los Angeles-Long Beach-Anaheim, CA (CBSA) (APUS49A72610) from Nov 1978 to Dec 2024 about Los Angeles, electricity, energy, urban, CA, retail, price, and USA.

Electric power selling price index (EPSPI). Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2014=100).

Industrial consumers of electricity in the United States paid an average of 8.06 U.S. dollar cents per kilowatt-hour in 2023. This figure marked a decrease compared to the previous year, when prices peaked at 8.3 U.S. dollar cents 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.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Detroit-Warren-Dearborn, MI (CBSA) (APUS23B72610) from Nov 1978 to Oct 2024 about Detroit, electricity, energy, MI, urban, retail, price, and USA.

Industrial electricity prices including electricity tax reached ***** cents per kilowatt-hour in Germany, as of March 2025. Figures fluctuated during the specified timeline. The largest share of industrial electricity costs was due to energy procurement, network charges and distribution.

Graph and download economic data for Average Price: Electricity per Kilowatt-Hour in Urban Hawaii (CBSA) (APUS49F72610) from Nov 1978 to Dec 2024 about HI, electricity, energy, urban, retail, price, and USA.

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.

Graph and download economic data for Global price of Energy index (PNRGINDEXM) from Jan 1992 to May 2025 about energy, World, indexes, and price.

Germany - Electricity prices: Medium size households was EUR0.40 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 Germany - Electricity prices: Medium size households - last updated from the EUROSTAT on July of 2025. Historically, Germany - Electricity prices: Medium size households reached a record high of EUR0.41 Kilowatt-hour in December of 2023 and a record low of EUR0.24 Kilowatt-hour in December of 2010.

Poland - Electricity prices: Medium size households was EUR0.21 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 Poland - Electricity prices: Medium size households - last updated from the EUROSTAT on July of 2025. Historically, Poland - Electricity prices: Medium size households reached a record high of EUR0.21 Kilowatt-hour in December of 2024 and a record low of EUR0.13 Kilowatt-hour in December of 2016.

Finland - Electricity prices: Medium size households was EUR0.29 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 Finland - Electricity prices: Medium size households - last updated from the EUROSTAT on July of 2025. Historically, Finland - Electricity prices: Medium size households reached a record high of EUR0.29 Kilowatt-hour in December of 2024 and a record low of EUR0.13 Kilowatt-hour in December of 2010.