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 | 0.2115 | 0.1947 |
Africa | 0.1247 | 0.1226 |
Asia | 0.0805 | 0.1040 |
Oceania | 0.2499 | 0.2659 |
Europe | 0.2401 | 0.2042 |
European union | 0.2707 | 0.2122 |
Eurozone | 0.2878 | 0.2079 |
Sub Sahara Africa | 0.1337 | 0.1293 |
MENA | 0.0515 | 0.0864 |
South East Asia | 0.1130 | 0.1313 |
Latin America | 0.1794 | 0.1701 |
Low income countries (World Bank classification) | 0.1234 | 0.1303 |
Lower middle income countries (World Bank classification) | 0.1065 | 0.1185 |
Upper middle income countries (World Bank classification) | 0.1253 | 0.1380 |
High income countries (World Bank classification) | 0.2283 | 0.1933 |
G7 | 0.2909 | 0.2393 |
G10 | 0.3093 | 0.2426 |
G20 | 0.1805 | 0.1696 |
OECD | 0.2524 | 0.2020 |
OPEC | 0.0618 | 0.0710 |
NATO | 0.2452 | 0.2045 |
MSCI Emerging Markets | 0.1306 | 0.1424 |
MSCI Frontier Markets | 0.1336 | 0.1460 |
MSCI Developed Markets | 0.2786 | 0.2098 |
APEC | 0.1524 | 0.1558 |
ASEAN | 0.1184 | 0.1326 |
COMESA | 0.0938 | 0.0985 |
EAC | 0.1632 | 0.1102 |
EFTA | 0.2808 | 0.1809 |
IORA | 0.1328 | 0.1398 |
LAIA | 0.1625 | 0.1451 |
MERCOSUR | 0.1419 | 0.1000 |
NAFTA | 0.1394 | 0.1549 |
SAARC | 0.0557 | 0.0882 |
SADC | 0.0991 | 0.0971 |
WAEMU / CFA Franc | 0.1951 | 0.2062 |