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.

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.

The Energy Price Forecast dataset provides monthly updates to Platts Analytics' latest outlook, in addition to historical cases that enable users to easily compare how outlook has evolved over time.

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

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.

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.

The global fuel energy price index stood at 188.62 index points in January 2025, up from 100 in the base year 2016. Figures increased that month due to a rise in crude oil prices as a result of new sanctions on Russian oil and greater heating fuel demand. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

The World Energy Prices contains annual end-use energy prices for selected products and sectors for over 100 countries in the world. Complementing the OECD Energy Prices and Taxes, the world database focuses on prices for gasoline and diesel for transport; as well as electricity for households and industry.

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.

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

Global Energy Producer Price Index by Country, 2022 Discover more data with ReportLinker!

United States EIA Forecast: Electricity Price: Retail: Commercial Sector data was reported at 10.525 0.01 USD/kWh in Dec 2019. This records a decrease from the previous number of 10.693 0.01 USD/kWh for Nov 2019. United States EIA Forecast: Electricity Price: Retail: Commercial Sector data is updated monthly, averaging 10.623 0.01 USD/kWh from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 11.168 0.01 USD/kWh in Sep 2019 and a record low of 9.844 0.01 USD/kWh in Jan 2017. United States EIA Forecast: Electricity Price: Retail: Commercial Sector data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P003: Energy Price: Forecast: Energy Information Administration.

Austria Energy Prices: Net: Annual Avg: Hard Coal: Industry data was reported at 255.920 EUR/Ton in 2022. This records an increase from the previous number of 128.360 EUR/Ton for 2021. Austria Energy Prices: Net: Annual Avg: Hard Coal: Industry data is updated yearly, averaging 111.547 EUR/Ton from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 255.920 EUR/Ton in 2022 and a record low of 76.339 EUR/Ton in 2003. Austria Energy Prices: Net: Annual Avg: Hard Coal: Industry data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.

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.

Taiwan Energy Price Index: Power data was reported at 139.306 2001=100 in 2008. This records an increase from the previous number of 106.358 2001=100 for 2007. Taiwan Energy Price Index: Power data is updated yearly, averaging 104.624 2001=100 from Dec 1971 (Median) to 2008, with 38 observations. The data reached an all-time high of 139.306 2001=100 in 2008 and a record low of 20.942 2001=100 in 1971. Taiwan Energy Price Index: Power data remains active status in CEIC and is reported by Bureau of Energy, Ministry of Economic Affairs. The data is categorized under Global Database’s Taiwan – Table TW.RB010: Energy Price Index: 2001=100.

Have timely access to reliable Electricity price assessments in China:

• Electricity, industrial sector, Tianjin, including generation, transmission, and distribution costs, plus taxes
• Electricity, household, China, average for main cities

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 China and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Austria Energy Prices: Overall Taxes: Annual Avg: Natural Gas: Households data was reported at 0.000 EUR/10 kcal in 2022. This stayed constant from the previous number of 0.000 EUR/10 kcal for 2021. Austria Energy Prices: Overall Taxes: Annual Avg: Natural Gas: Households data is updated yearly, averaging 0.018 EUR/10 kcal from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 186.107 EUR/10 kcal in 2008 and a record low of 0.000 EUR/10 kcal in 2022. Austria Energy Prices: Overall Taxes: Annual Avg: Natural Gas: Households data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.