Electricity prices by continent and country groups
Among high-income and developed economies, G10, G7, OECD, and Eurozone countries exhibit the highest electricity prices, with residential rates ranging from $0.23 to $0.30 per kWh. For instance, the Eurozone averages $0.27 residential and $0.21 business, while G10 countries top the list at $0.30 and $0.24, respectively.
In contrast, lower-income and emerging market regions report much lower electricity prices. The MENA region shows the lowest residential rate at $0.05 and business rate at $0.08. Similarly, SAARC countries (South Asia) and OPEC members also report very low electricity prices, likely due to subsidies or domestic energy production.
Asian, ASEAN, and Sub-Saharan African groups generally fall in the middle range, with rates between $0.08–$0.13. Interestingly, Oceania shows high business rates ($0.25), higher than the average for most developed regions.
Income-based groupings (per World Bank classification) show a clear pattern: higher income groups pay more, with high-income countries at $0.22 residential, while low-income countries average only $0.13 or less.
Overall, the data highlights the strong correlation between economic development, energy policy, and electricity pricing, with business rates often slightly lower than residential in most regions.
See a world map of electricity prices or explore our data download options.
|
Country groups
|
Residential rates
|
Business rates
|
|---|---|---|
| North and South America | 0.2271 | 0.2087 |
| Africa | 0.1390 | 0.1339 |
| Asia | 0.0869 | 0.1112 |
| Oceania | 0.2684 | 0.2663 |
| Europe | 0.2570 | 0.2258 |
| European union | 0.2961 | 0.2402 |
| Eurozone | 0.3123 | 0.2318 |
| Sub Sahara Africa | 0.1501 | 0.1419 |
| MENA | 0.0549 | 0.0914 |
| South East Asia | 0.1189 | 0.1334 |
| Latin America | 0.1962 | 0.1841 |
| Low income countries (World Bank classification) | 0.1452 | 0.1477 |
| Lower middle income countries (World Bank classification) | 0.1131 | 0.1239 |
| Upper middle income countries (World Bank classification) | 0.1390 | 0.1533 |
| High income countries (World Bank classification) | 0.2417 | 0.2086 |
| G7 | 0.3071 | 0.2567 |
| G10 | 0.3277 | 0.2627 |
| G20 | 0.1970 | 0.1809 |
| OECD | 0.2684 | 0.2198 |
| OPEC | 0.0632 | 0.0731 |
| NATO | 0.2678 | 0.2285 |
| MSCI Emerging Markets | 0.1417 | 0.1600 |
| MSCI Frontier Markets | 0.1532 | 0.1586 |
| MSCI Developed Markets | 0.2968 | 0.2291 |
| APEC | 0.1566 | 0.1626 |
| ASEAN | 0.1249 | 0.1363 |
| COMESA | 0.1096 | 0.1151 |
| EAC | 0.1792 | 0.1137 |
| EFTA | 0.2872 | 0.2000 |
| IORA | 0.1414 | 0.1498 |
| LAIA | 0.1830 | 0.1668 |
| MERCOSUR | 0.1705 | 0.1204 |
| NAFTA | 0.1584 | 0.1619 |
| SAARC | 0.0569 | 0.0887 |
| SADC | 0.1172 | 0.1175 |
| WAEMU / CFA Franc | 0.2050 | 0.2088 |