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.

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

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.

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.

Energy Prices Taxes contains a major international compilation of energy prices of OECD countries: including crude oil and oil product spot prices, import costs by crude stream, industry prices and consumer prices. The end-user prices cover the main petroleum products, gas, coal and electricity. Every issue includes full notes on sources and methods and a description of price mechanisms in each country. Time series availability varies with each data series.

DOI Abstract copyright UK Data Service and data collection copyright owner. The International Energy Agency (IEA) World Energy Prices database includes annual energy prices data for gasoline, automotive diesel, electricity and other products.Energy prices are a significant part of our domestic expenditures, play an important role for industrial competitiveness and influence energy consumption patterns. End-use prices-paid by final consumers- are affected by movements in commodity markets as well as policy decisions. As countries move away from regulated pricing, monitoring energy end-use prices around the world has become increasingly important for analysts and policy makers. World Energy Prices aims to serve this purpose by being the most reliable database that uses official sources with transparent and documented methodologies for each country. Main Topics: Topics covered include:ElectricityTransportTransport FuelsConsumer Price IndicesOther products Aggregation 1969 2022 AGRICULTURE Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan BOILERS Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi CALORIES CHEMICALS COAL CONSTRUCTION ENGINE... CONSUMPTION Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Rep... Chad Channel Islands Chile China Colombia Comoros Congo Costa Rica Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic ELECTRIC POWER ENERGY EXPORTS AND IMPORTS Ecuador Egypt El Salvador Energy and natural ... Equatorial Guinea Estonia Ethiopia Europe European Union Coun... FISHING INDUSTRY FOOD FORESTRY FOSSIL FUELS Faroe Islands Finland France GAS FUELS GEOTHERMAL ENERGY Gabon Gambia Georgia Germany October 1990 Ghana Gibraltar Greece Grenada Guatemala Guinea Guinea Bissau HEATING SYSTEMS HYDROPOWER Honduras Hong Kong Hungary INDUSTRIAL PLANTS INDUSTRIAL PRODUCTION INDUSTRIES IRON Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kosovo Kuwait Kyrgyzstan LEATHER Latvia Lebanon Lesotho Liberia Lithuania Luxembourg MACHINES MARKETING METALS MINERALS MINING Macao Macedonia Madagascar Malawi Malaysia Mali Malta Mauritania Mauritius Mexico Moldova Montenegro Morocco Mozambique Multi nation NUCLEAR ENERGY Namibia Nepal Netherlands New Zealand Nicaragua Niger Nigeria Norway PAPER PEAT PETROLEUM PRODUCTS PRODUCTION PUBLIC SERVICES PUMPS RAILWAY TRAVEL RENEWABLE ENERGY RESIDENTIAL BUILDINGS ROAD TRAFFIC ROADS Romania Russia Rwanda SHARES SOLAR ENERGY Saint Lucia Saint Martin Saint Vincent Saotome Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Korea Spain Sri Lanka Sudan Surinam Swaziland Switzerland TEXTILE INDUSTRY TEXTILE PRODUCTS TOBACCO TRANSPORT Tajikistan Tanzania Thailand Togo Trinidad and Tobago Turkey Turkmenistan Uganda Ukraine United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela Vietnam Virgin Islands USA WASTES WAXES WIND ENERGY WOOD Zambia Zimbabwe

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.

Abstract

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.

Geographic coverage notes

The data cover the following sub-national areas: Badakhshan, Badghis, Baghlan, Balkh, Bamyan, Daykundi, Farah, Faryab, Paktya, Ghazni, Ghor, Hilmand, Hirat, Nangarhar, Jawzjan, Kabul, Kandahar, Kapisa, Khost, Kunar, Kunduz, Laghman, Logar, Wardak, Nimroz, Nuristan, Paktika, Panjsher, Parwan, Samangan, Sar-e-pul, Takhar, Uruzgan, Zabul, Market Average, Armavir, Ararat, Aragatsotn, Tavush, Gegharkunik, Shirak, Kotayk, Syunik, Lori, Vayotz Dzor, Yerevan, Kanifing Municipal Council, Central River, Upper River, West Coast, North Bank, Lower River, Bafata, Tombali, Cacheu, Sector Autonomo De Bissau, Biombo, Oio, Gabu, Bolama, Quinara, Anbar, Babil, Baghdad, Basrah, Diyala, Dahuk, Erbil, Ninewa, Kerbala, Kirkuk, Missan, Muthanna, Najaf, Qadissiya, Salah al-Din, Sulaymaniyah, Thi-Qar, Wassit, Attapeu, Bokeo, Bolikhamxai, Champasack, Houaphan, Khammouan, Louangphabang, Louangnamtha, Oudomxai, Phongsaly, Salavan, Savannakhet, Sekong, Vientiane Capital, Vientiane, Xaignabouly, Xiengkhouang, Akkar, Mount Lebanon, Baalbek-El Hermel, North, Beirut, Bekaa, El Nabatieh, South, Nimba, Grand Kru, Grand Cape Mount, Gbarpolu, Grand Bassa, Rivercess, Montserrado, River Gee, Lofa, Bomi, Bong, Sinoe, Maryland, Margibi, Grand Gedeh, Abia, Borno, Yobe, Katsina, Kano, Kaduna, Gombe, Jigawa, Kebbi, Oyo, Sokoto, Zamfara, Lagos, Adamawa, Shabelle Hoose, Juba Hoose, Bay, Banadir, Shabelle Dhexe, Gedo, Hiraan, Woqooyi Galbeed, Awdal, Bari, Juba Dhexe, Togdheer, Nugaal, Galgaduud, Bakool, Sanaag, Mudug, Sool, , Warrap, Unity, Jonglei, Northern Bahr el Ghazal, Upper Nile, Central Equatoria, Western Bahr el Ghazal, Eastern Equatoria, Western Equatoria, Lakes, Aleppo, Dar'a, Quneitra, Homs, Deir-ez-Zor, Damascus, Ar-Raqqa, Al-Hasakeh, Hama, As-Sweida, Rural Damascus, Tartous, Idleb, Lattakia, Al Dhale'e, Aden, Al Bayda, Al Maharah, Lahj, Al Jawf, Raymah, Al Hudaydah, Hajjah, Amran, Shabwah, Dhamar, Ibb, Sana'a, Al Mahwit, Marib, Hadramaut, Sa'ada, Amanat Al Asimah, Socotra, Taizz, Abyan

Graph and download economic data for Global price of Energy index (PNRGINDEXQ) from Q1 1992 to Q2 2025 about energy, World, indexes, and price.

Abstract copyright UK Data Service and data collection copyright owner. The International Energy Agency (IEA) datasets published by the Energy Statistics Division (ESD) contain annual, quarterly and monthly time series data from 1960 onwards on energy production, trade, stocks, transformation, consumption, prices and taxes as well as on greenhouse gas emissions for the OECD Member countries and non-OECD countries world-wide. In OECD Member countries the data is collected by official bodies (most often the national statistics office in each country) from firms, government agencies and industry organisations and are then reported to the IEA using questionnaires to ensure international comparability. In non-OECD countries the data is collected directly from government and industry contacts and from national publications. The International Energy Agency (IEA) Energy Prices and Taxes database contains a major international compilation of energy prices at all market levels: import prices, industry prices and consumer prices. The statistics cover import costs and export prices of main petroleum products, natural gas and coal in Organisation for Economic Co-operation and Development (OECD) countries. End-user prices and taxes for selected petroleum, gas and coal products as well as for electricity are provided for industry, electricity generation and households for OECD countries and a selection of non-OECD countries. Full notes on sources and methods and a description of price mechanisms in each country are included. Time series availability varies with each data series. In general, end-user prices and taxes start in 1978, import costs in 1980 and spot prices in 1982. This database is updated by the IEA in January, April, July and October of each year. These data were first provided by the UK Data Service in June 2005 and is updated quarterly.

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.

The retail price for electricity in the United States stood at an average of ***** U.S. dollar cents per kilowatt-hour in 2024. This is the highest figure reported in the indicated period. Nevertheless, the U.S. still has one of the lowest electricity prices worldwide. As a major producer of primary energy, energy prices are lower than in countries that are more reliant on imports or impose higher taxes. Regional variations and sector disparities The impact of rising electricity costs across U.S. states is not uniform. Hawaii stands out with the highest household electricity price, reaching a staggering ***** U.S. cents per kilowatt-hour in September 2024. This stark contrast is primarily due to Hawaii's heavy reliance on imported oil for power generation. On the other hand, states like Utah benefit from lower rates, with prices around **** U.S. cents per kilowatt-hour. Regarding U.S. prices by sector, residential customers have borne the brunt of price increases, paying an average of ***** U.S. cents per kilowatt-hour in 2023, significantly more than commercial and industrial sectors. Factors driving price increases Several factors contribute to the upward trend in electricity prices. The integration of renewable energy sources, investments in smart grid technologies, and rising peak demand all play a role. Additionally, the global energy crisis of 2022 and natural disasters affecting power infrastructure have put pressure on the electric utility industry. The close connection between U.S. electricity prices and natural gas markets also influences rates, as domestic prices are affected by higher-paying international markets. Looking ahead, projections suggest a continued increase in electricity prices, with residential rates expected to grow by *** percent in 2024, driven by factors such as increased demand and the ongoing effects of climate change.

This API provides international data on energy sources (e.g., coal, electricity, natural gas, petroleum, coal, renewables) and activities (e.g., consumption, imports, exports, carbon emissions, prices, production). Users of the EIA API are required to obtain an API Key via this registration form: http://www.eia.gov/beta/api/register.cfm

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.

This dataset contains information about world' solar natural gas prices from 1984. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes:* Source: 1984-1990 German Federal Statistical Office 1991-2016 German Federal Office of Economics and Export Control (BAFA).

† Source: ICIS Heren Energy Ltd

‡ Source: Energy Intelligence Group, Natural Gas Week.

Btu = British thermal units; cif = cost+insurance+freight (average prices)

Get the latest insights on price movement and trend analysis of Electricity in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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