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 | 0.2139 | 0.1949 |
| Africa | 0.1368 | 0.1328 |
| Asia | 0.0839 | 0.1021 |
| Oceania | 0.2719 | 0.2433 |
| Europe | 0.2519 | 0.2162 |
| European union | 0.2874 | 0.2224 |
| Eurozone | 0.2989 | 0.2181 |
| Sub Sahara Africa | 0.1474 | 0.1408 |
| MENA | 0.0553 | 0.0886 |
| South East Asia | 0.1154 | 0.1137 |
| Latin America | 0.1865 | 0.1732 |
| Low income countries (World Bank classification) | 0.1444 | 0.1473 |
| Lower middle income countries (World Bank classification) | 0.1101 | 0.1181 |
| Upper middle income countries (World Bank classification) | 0.1339 | 0.1475 |
| High income countries (World Bank classification) | 0.2354 | 0.1967 |
| G7 | 0.2955 | 0.2526 |
| G10 | 0.3128 | 0.2501 |
| G20 | 0.1898 | 0.1763 |
| OECD | 0.2620 | 0.2108 |
| OPEC | 0.0638 | 0.0736 |
| NATO | 0.2634 | 0.2189 |
| MSCI Emerging Markets | 0.1365 | 0.1459 |
| MSCI Frontier Markets | 0.1516 | 0.1547 |
| MSCI Developed Markets | 0.2816 | 0.2154 |
| APEC | 0.1533 | 0.1568 |
| ASEAN | 0.1204 | 0.1139 |
| COMESA | 0.1054 | 0.1094 |
| EAC | 0.1775 | 0.1144 |
| EFTA | 0.2885 | 0.2046 |
| IORA | 0.1375 | 0.1387 |
| LAIA | 0.1724 | 0.1539 |
| MERCOSUR | 0.1584 | 0.1088 |
| NAFTA | 0.1481 | 0.1617 |
| SAARC | 0.0560 | 0.0862 |
| SADC | 0.1117 | 0.1117 |
| WAEMU / CFA Franc | 0.2044 | 0.2127 |