Electricity prices
Q2 2025 update: The average electricity price in the world is USD 0.165 kWh for residential users and USD 0.161 USD per kWh for businesses.
The highest residential electricity prices are in Europe at USD 0.245 per kWh and the lowest are in Asia with USD 0.084.
Africa (0.127), Oceania (0.240), North America (0.139), and South America (0.206) are in between.
The highest business electricity prices are in Oceania at USD 0.266 per kWh and the lowest prices are in Africa (0.123) and Asia (0.107).
On the other continents: Europe (0.204), North America (0.155), and South America (0.200).
See the price averages across 35 country groups.
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World Average Electricity Prices, USD / kWh
The world average electricity price increased by 4.49 percent for households and by 3.19 percent for businesses since Q1 2025.
European Average Electricity Prices, USD / kWh
Electricity prices in Europe increased by 4.79 percent for households and by 4.19 percent for businesses compared to Q1 2025.
Percent Change in Electricity Prices by Continent
Continent | Households(quarterly change) | Households(annual change) | Business(quarterly change) | Business(annual change) |
---|---|---|---|---|
Africa | 4.49% | 7.42% | 5.86% | 12.46% |
Asia | 4.92% | -0.01% | 1.69% | -0.97% |
Europe | 4.79% | 10.15% | 4.19% | 7.58% |
North America | 2.60% | 0.07% | 4.62% | -3.15% |
Oceania | 8.57% | 4.96% | 4.96% | 27.74% |
South America | 1.86% | 5.91% | 0.33% | 2.58% |
Notable Electricity Price Changes
In Q2 2025, electricity prices increased by over 10 percent in Argentina, Belarus, Kyrgyzstan, and Turkey. Prices declined moderately in a few European countries but not in countries with regulated prices. These confirm the pattern that large price changes result from regulatory decisions and not from commodity price changes. The power component is less than half of the final bill, the rest being the cost of transmission and distribution and taxes, both of which are regulated. And even the power component is subject to government interference. During Covid, power companies were subsidized, while during 2022-2023 prices were capped in many countries. Phasing out these caps has contributed to several price increases in Q2 2025.Compare Electricity Prices by Country
The table shows the average residential and business electricity rates for the period from 2023 to 2025. Such averages are better for comparing countries as they avoid quarter-to-quarter price volatility. You can also see a world map of electricity prices. Download data API SubscriptionsCountries | Residential electricity rates in USD/kWh, 2023–2025 average |
Business electricity rates in USD/kWh, 2023–2025 average |
---|---|---|
Bermuda | 0.462 | 0.269 |
Ireland | 0.443 | |
Italy | 0.422 | 0.442 |
Cayman Islands | 0.413 | 0.369 |
Liechtenstein | 0.410 | 0.280 |
Germany | 0.402 | 0.286 |
Belgium | 0.400 | 0.262 |
UK | 0.397 | 0.445 |
Switzerland | 0.361 | 0.284 |
Bahamas | 0.357 | 0.377 |
Denmark | 0.355 | 0.230 |
Czech Republic | 0.352 | 0.230 |
Austria | 0.336 | 0.292 |
Cyprus | 0.334 | 0.304 |
Cape Verde | 0.327 | 0.199 |
Barbados | 0.314 | 0.332 |
Guatemala | 0.295 | 0.186 |
Netherlands | 0.288 | 0.230 |
Estonia | 0.286 | 0.162 |
Jamaica | 0.285 | 0.242 |
Latvia | 0.283 | 0.167 |
France | 0.278 | 0.188 |
Lithuania | 0.270 | 0.181 |
Australia | 0.254 | 0.237 |
Uruguay | 0.250 | 0.123 |
El Salvador | 0.247 | 0.218 |
Greece | 0.246 | 0.239 |
Luxembourg | 0.246 | 0.208 |
Honduras | 0.244 | 0.242 |
Spain | 0.243 | 0.138 |
Singapore | 0.234 | 0.281 |
Portugal | 0.231 | 0.152 |
Sweden | 0.230 | |
Poland | 0.229 | 0.394 |
Japan | 0.229 | 0.207 |
Sierra Leone | 0.224 | 0.291 |
Slovenia | 0.223 | 0.189 |
Kenya | 0.220 | 0.176 |
Mali | 0.217 | 0.157 |
Belize | 0.217 | 0.173 |
Aruba | 0.213 | 0.318 |
Slovakia | 0.209 | 0.328 |
Chile | 0.206 | 0.153 |
New Zealand | 0.204 | |
Burkina Faso | 0.204 | 0.211 |
Gabon | 0.203 | 0.168 |
Philippines | 0.203 | 0.151 |
Rwanda | 0.203 | 0.076 |
Colombia | 0.201 | 0.200 |
Togo | 0.192 | 0.177 |
Finland | 0.187 | 0.127 |
Hong Kong | 0.187 | 0.176 |
South Africa | 0.186 | 0.093 |
Peru | 0.186 | 0.162 |
USA | 0.181 | 0.148 |
Senegal | 0.181 | |
Nicaragua | 0.176 | 0.218 |
Romania | 0.175 | 0.228 |
Israel | 0.174 | 0.111 |
Panama | 0.172 | 0.193 |
Uganda | 0.171 | 0.120 |
Costa Rica | 0.169 | 0.230 |
Iceland | 0.168 | 0.081 |
Croatia | 0.168 | 0.167 |
Moldova | 0.163 | 0.138 |
Brazil | 0.159 | 0.128 |
Norway | 0.152 | 0.103 |
Cambodia | 0.150 | |
Bulgaria | 0.146 | 0.140 |
Malta | 0.145 | 0.162 |
Namibia | 0.136 | |
Mauritius | 0.134 | 0.134 |
Madagascar | 0.129 | 0.168 |
Mozambique | 0.127 | 0.080 |
Ivory Coast | 0.127 | 0.228 |
Thailand | 0.127 | 0.129 |
Ghana | 0.127 | 0.120 |
South Korea | 0.126 | 0.116 |
Serbia | 0.125 | 0.140 |
N. Maced. | 0.125 | 0.236 |
Sri Lanka | 0.125 | 0.100 |
Canada | 0.123 | 0.106 |
Swaziland | 0.121 | 0.086 |
Morocco | 0.118 | 0.108 |
Dom. Rep. | 0.117 | 0.174 |
Albania | 0.117 | 0.133 |
Armenia | 0.111 | 0.109 |
Hungary | 0.108 | 0.209 |
Mexico | 0.106 | 0.211 |
Maldives | 0.105 | |
Lesotho | 0.102 | 0.021 |
Bosnia & Herz. | 0.099 | 0.112 |
Ecuador | 0.097 | 0.091 |
Taiwan | 0.096 | 0.175 |
Botswana | 0.094 | 0.112 |
Indonesia | 0.092 | 0.071 |
Tanzania | 0.091 | 0.093 |
Jordan | 0.090 | 0.127 |
Malawi | 0.087 | 0.146 |
Cameroon | 0.083 | 0.175 |
Belarus | 0.083 | 0.109 |
UAE | 0.080 | 0.110 |
Vietnam | 0.078 | 0.077 |
Ukraine | 0.077 | 0.140 |
India | 0.077 | 0.126 |
China | 0.076 | 0.094 |
Argentina | 0.074 | 0.092 |
Venezuela | 0.069 | 0.081 |
Tunisia | 0.067 | 0.114 |
Turkey | 0.067 | 0.147 |
Georgia | 0.067 | 0.106 |
Pakistan | 0.065 | 0.157 |
DR Congo | 0.064 | 0.075 |
Russia | 0.063 | 0.092 |
Bangladesh | 0.062 | 0.099 |
Kazakhstan | 0.055 | 0.074 |
Trinidad & Tobago | 0.055 | 0.053 |
Paraguay | 0.053 | 0.045 |
Saudi Arabia | 0.051 | 0.068 |
Afghanistan | 0.050 | |
Malaysia | 0.049 | 0.128 |
Bahrain | 0.048 | 0.077 |
Azerbaijan | 0.047 | 0.064 |
Suriname | 0.046 | |
Nepal | 0.043 | 0.069 |
Algeria | 0.040 | 0.035 |
Kuwait | 0.037 | 0.065 |
Nigeria | 0.036 | 0.051 |
Uzbekistan | 0.034 | 0.065 |
Qatar | 0.032 | 0.036 |
Laos | 0.029 | |
Oman | 0.028 | 0.198 |
Burma | 0.026 | 0.095 |
Egypt | 0.024 | 0.037 |
Zambia | 0.023 | 0.036 |
Cuba | 0.018 | |
Iraq | 0.015 | 0.045 |
Angola | 0.015 | 0.012 |
Bhutan | 0.015 | 0.019 |
Syria | 0.014 | 0.039 |
Kyrgyzstan | 0.014 | 0.038 |
Sudan | 0.007 | 0.035 |
Ethiopia | 0.006 | 0.019 |
Iran | 0.003 |