Germany, Belgium, and Ireland had some of the highest household electricity prices worldwide, as of June 2024. At the time, German households were charged around 0.39 U.S. dollars per kilowatt-hour, while in Belgium, the price stood at 0.37 U.S. dollars per kilowatt-hour. By comparison, in Qatar, residents paid more than 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 top importers of natural gas in Europe in 2023 were Germany and Italy, where this energy source constitutes a relevant share of the power mix.

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.

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.

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

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.

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 ENERGY PRICES. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Cabo Verde recorded the highest electricity price for households in Africa. As of June 2024, one kilowatt-hour costs around 0.35 U.S. dollars in the country. Kenya and Sierra Leone followed, with households paying 0.26 and 0.25 U.S. dollars per kilowatt-hour, respectively. Mail, Burkina Faso, and Gabon also recorded relatively higher prices for electricity on the continent. On the other hand, Egypt, Zambia, Angola, and Libya registered the lowest prices for electric energy in Africa. Countries usually retain high prices for household and business electricity In Africa, countries with high electricity prices for households also tend to have higher prices for businesses. For instance, Cabo Verde, Burkina Faso, and Kenya’s energy prices for companies placed them among the most expensive four countries on the continent. As of late 2023, the electricity prices stood at around 0.2, 0.2, and 0.19 U.S. dollars per kilowatt-hour, respectively. Electricity access and reliability vary across the continent A significant share of Africans still live with no access to electricity. Although almost all of North Africa's population had access to electricity, the other regions had lower electricity access in 2021. Western, Southern, and Eastern Africa had just over 50 percent of their citizens living in electrified areas, while in Central Africa it stood at around 31 percent. Nevertheless, according to a survey, two Eastern African countries ranked highest with the most reliable electricity supply on the continent. Between 2021 and 2023, some 99 percent of Mauritians and 96 percent of Seychellois reported having a supply that worked most or all the time.

Energy price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations.
This data set includes energy price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

In 2022, Denmark recorded the highest residential electricity price for users with an annual consumption of 1,000 to 2,500 kilowatt-hours within Europe, at 54.47 euro cents per kilowatt-hour. This was followed by Belgium, at 41.1 euro cents per kilowatt-hour. That same year, Denmark also had the highest electricity price for households with an annual consumption between 2,500 and 5,000 kilowatt-hours, at 52.15 euro cents per kilowatt-hour.

In 2023, electricity prices for an annual consumption between 2,500 to 5,000 kilowatt-hours in the European Union were the highest for households in Germany. The nation's residences paid on average more than 40 euro cents per kilowatt-hour. In comparison, costs were the lowest in the Hungary, where households paid 11.5 euro cents per kilowatt-hour. Household electricity prices in the European Union averaged 28.3 euro cents per kilowatt-hour in the second half of the year.

This table contains consumer prices for electricity and gas. Weighted average monthly prices are published broken down into transport rate, delivery rates and taxes, both including and excluding VAT. These prices are published on a monthly basis. The prices presented in this table were used to compile the CPI up to May 2023. Prices for newly offered contracts were collected. Contract types that are no longer offered, but have been in previous reporting periods, are imputed. The average can therefore diverge from the prices paid for energy contracts by Dutch households.

Data available from January 2018 up to May 2023.

Status of the figures: The figures are definitive.

Changes as of 17 July 2023: This table will no longer be updated. Due to a change in the underlying data and accompanying method for calculcating average energy prices, a new table was created. See paragraph 3.

Changes as of 13 February: Average delivery rates are not shown in this table from January 2023 up to May 2023. With the introduction of the price cap, the average energy rates (delivery rates) of fixed and variable energy contracts together remained useful for calculating a development for the CPI. However, as a pricelevel, they are less useful. Average energy prices from January 2023 up to May 2023 are published in a customized table. In this publication, only data concerning new variable contracts are taken into account

When will new figures be published? Does not apply.

Have timely access to reliable Electricity price assessments in United States:

• Electricity, industrial sector, United States, including generation, transmission, and distribution costs
• Electricity, household, United States

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Electricity price assessments for United States and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Have timely access to reliable Electricity price assessments in Colombia:

• Electricity, industrial sector, Colombia, including generation, transmission, and distribution costs
• Electricity, household, Colombia, Colombian cities downtown

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Electricity price assessments for Colombia and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

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.

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.

Graph and download economic data for Harmonized Index of Consumer Prices: Energy for Euro Area (19 Countries) (ENRGY0EZ19M086NEST) from Dec 1999 to Feb 2025 about harmonized, energy, Euro Area, Europe, CPI, price index, indexes, and price.

Middle Eastern and African countries had the cheapest electricity prices worldwide in December 2023. Namely, the electricity price for Iran's households was only 0.2 U.S. cents per kilowatt-hour of electricity. Ethiopia, Syria, Cuba, and Sudan also had some of the lowest electricity prices worldwide that month.