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.

In March 2024, industrial electricity prices in the European countries of Poland, Italy, and the United Kingdom were among the highest in the world, at over 0.40 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 0.1 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.

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.

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.

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

As of March 2024, Australia had the highest electricity price for households in the Asia-Pacific region, at about 0.26 U.S. dollars per kilowatt-hour. Singapore had the second-highest electricity price, with households paying around 0.24 U.S. dollars per kilowatt-hour.

CN: Usage Price: Electricity for Industry: 35 kV & Above: Jinan data was reported at 0.750 RMB/kWh in Mar 2025. This stayed constant from the previous number of 0.750 RMB/kWh for Feb 2025. CN: Usage Price: Electricity for Industry: 35 kV & Above: Jinan data is updated monthly, averaging 0.690 RMB/kWh from Jan 2003 (Median) to Mar 2025, with 265 observations. The data reached an all-time high of 0.790 RMB/kWh in Mar 2015 and a record low of 0.557 RMB/kWh in Apr 2005. CN: Usage Price: Electricity for Industry: 35 kV & Above: Jinan data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PH: Electricity Price: 36 City.

CN: Usage Price: Electricity for Industry: 35 kV & Above: Shanghai data was reported at 0.700 RMB/kWh in Mar 2025. This stayed constant from the previous number of 0.700 RMB/kWh for Feb 2025. CN: Usage Price: Electricity for Industry: 35 kV & Above: Shanghai data is updated monthly, averaging 0.870 RMB/kWh from Feb 2003 (Median) to Mar 2025, with 258 observations. The data reached an all-time high of 1.300 RMB/kWh in Nov 2006 and a record low of 0.633 RMB/kWh in Mar 2003. CN: Usage Price: Electricity for Industry: 35 kV & Above: Shanghai data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PH: Electricity Price: 36 City.

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.

Indonesia Electricity Tariff: Industry: I4 Category: > 30,000 kVA: Regular: Regular: Reactive Power (/kVArh) data was reported at 996.740 IDR in Aug 2019. This stayed constant from the previous number of 996.740 IDR for Jul 2019. Indonesia Electricity Tariff: Industry: I4 Category: > 30,000 kVA: Regular: Regular: Reactive Power (/kVArh) data is updated monthly, averaging 996.740 IDR from Jan 2015 (Median) to Aug 2019, with 56 observations. The data reached an all-time high of 1,070.420 IDR in Nov 2015 and a record low of 924.780 IDR in Apr 2016. Indonesia Electricity Tariff: Industry: I4 Category: > 30,000 kVA: Regular: Regular: Reactive Power (/kVArh) data remains active status in CEIC and is reported by State Electricity Company. The data is categorized under Indonesia Premium Database’s Energy Sector – Table ID.RBH002: Electricity Tariff: Monthly Adjustment.

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.

European Electricity Price Index for Agriculture by Country, 2022 Discover more data with ReportLinker!

Indonesia Electricity Tariff: Household: R1 Category: 2,200 VA: Prepaid data was reported at 1,467.280 IDR/kWh in Aug 2019. This stayed constant from the previous number of 1,467.280 IDR/kWh for Jul 2019. Indonesia Electricity Tariff: Household: R1 Category: 2,200 VA: Prepaid data is updated monthly, averaging 1,467.280 IDR/kWh from Jan 2015 (Median) to Aug 2019, with 56 observations. The data reached an all-time high of 1,509.380 IDR/kWh in Dec 2015 and a record low of 1,342.980 IDR/kWh in Apr 2016. Indonesia Electricity Tariff: Household: R1 Category: 2,200 VA: Prepaid data remains active status in CEIC and is reported by State Electricity Company. The data is categorized under Indonesia Premium Database’s Energy Sector – Table ID.RBH002: Electricity Tariff: Monthly Adjustment.

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

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.

In June 2025, Denmark had the highest average day-ahead electricity price among Nordic countries, amounting to ***** euros per megawatt-hour. Over the past few years, electricity prices soared in the Nordic region, the result of a global energy crisis that affected fossil fuels and electricity prices.

Household electricity prices vary greatly across the world. In 2023, 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. The European countries of Italy and Germany saw their residential electricity prices surpass 0.55 U.S. dollars per kilowatt-hour during the 2022 energy crisis.