Electricity prices

Q1 2025 update: The average electricity price in the world is USD 0.159 kWh for residential users and USD 0.155 USD per kWh for businesses. The highest residential electricity prices are in Europe at USD 0.23 per kWh and the lowest are in Asia with USD 0.08. Africa (0.12), Oceania (0.22), North America (0.14), and South America (0.19) are in between.

The highest business electricity prices are in Oceania at USD 0.25 per kWh and the lowest prices are in Africa (0.12) and Asia (0.11). On the other continents: Europe (0.20), North America (0.15), and South America (0.20).

See the price averages across 35 country groups.

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World Average Electricity Prices, USD / kWh

The world average price remained essentially the same for households and decreased by about 1 percent for businesses since Q4 2025.

World electricity prices: time chart
European Average Electricity Prices, USD / kWh

Electricity prices in Europe increased by 2.44 percent for households and decreased by 0.56 percent for businesses compared to Q4 2024.

Electricity prices in Europe: time chart

Percent Change in Electricity Prices by Continent

Quarterly changes from Q4 2024 and annual changes from Q1 2024.

Continent Households
(quarterly change)
Households
(annual change)
Business
(quarterly change)
Business
(annual change)
Africa -2.49% 1.61% 0.27% 5.98%
Asia -0.38% -2.21% -0.74% -1.08%
Europe 2.44% 2.33% -0.57% -1.90%
North America -0.40% -4.41% -0.69% -8.33%
Oceania -3.11% -6.09% -3.16% 23.36%
South America -0.01% 2.27% -0.52% 3.94%


Short Presentation




Notable Price Changes

In Q1 2025, electricity prices increased by over 15 percent in Austria, France, Luxembourg, Malawi, Moldova, and Oman. Large price decreases occurred in Cape Verde, Pakistan, Sri Lanka, and Zambia, among others.

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 Q1 2025.

Compare Countries

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.

Data availability: quarterly residential and business electricity rates for 150 countries from Q1 2018 to Q1 2025.
Countries Residential electricity rates
in USD/kWh,
2023–2025 average
Business electricity rates
in USD/kWh,
2023–2025 average
Bermuda 0.458 0.269
Ireland 0.445
Italy 0.427 0.459
Cayman Islands 0.416 0.372
Liechtenstein 0.415 0.283
Germany 0.398 0.286
Belgium 0.397 0.262
UK 0.396 0.442
Switzerland 0.360 0.283
Bahamas 0.360 0.378
Denmark 0.356 0.231
Czech Republic 0.353 0.231
Cyprus 0.331 0.305
Austria 0.330 0.293
Cape Verde 0.327 0.198
Barbados 0.312 0.331
Guatemala 0.295 0.185
Netherlands 0.291 0.233
Latvia 0.288 0.170
Estonia 0.287 0.163
Jamaica 0.285 0.243
France 0.279 0.190
Lithuania 0.271 0.184
Australia 0.255 0.234
Uruguay 0.251 0.123
Honduras 0.246 0.244
El Salvador 0.244 0.215
Greece 0.243 0.241
Spain 0.240 0.138
Luxembourg 0.238 0.195
Singapore 0.234 0.288
Portugal 0.229 0.150
Poland 0.228 0.413
Sweden 0.228
Japan 0.226 0.207
Sierra Leone 0.221 0.285
Slovenia 0.221 0.189
Kenya 0.220 0.175
Belize 0.217 0.173
Mali 0.216 0.156
Aruba 0.214 0.320
Slovakia 0.208 0.344
Rwanda 0.206 0.077
Burkina Faso 0.203 0.209
Gabon 0.202 0.161
Philippines 0.201 0.150
New Zealand 0.201
Colombia 0.200 0.199
Chile 0.199 0.150
Togo 0.191 0.176
Finland 0.188 0.128
Hong Kong 0.187 0.177
Peru 0.185 0.162
South Africa 0.184 0.090
Lebanon 0.181 0.215
Senegal 0.180
USA 0.180 0.147
Nicaragua 0.176 0.219
Romania 0.174 0.227
Israel 0.173 0.112
Uganda 0.172 0.122
Panama 0.171 0.193
Costa Rica 0.169 0.230
Croatia 0.165 0.160
Iceland 0.164 0.079
Brazil 0.160 0.129
Moldova 0.155 0.127
Cambodia 0.149
Norway 0.149 0.105
Malta 0.145 0.161
Bulgaria 0.144 0.139
Namibia 0.136
Mauritius 0.134 0.133
Sri Lanka 0.130 0.105
Madagascar 0.129 0.162
Mozambique 0.127 0.080
Thailand 0.127 0.129
Ivory Coast 0.126 0.226
South Korea 0.125 0.116
Ghana 0.124 0.116
Serbia 0.124 0.138
N. Maced. 0.124 0.229
Canada 0.123 0.107
Swaziland 0.121 0.085
Albania 0.117 0.131
Dom. Rep. 0.117 0.174
Morocco 0.117 0.107
Armenia 0.111 0.108
Hungary 0.108 0.200
Mexico 0.106 0.211
Maldives 0.104
Lesotho 0.100 0.021
Bosnia & Herz. 0.098 0.111
Ecuador 0.097 0.091
Taiwan 0.095 0.170
Botswana 0.094 0.112
Indonesia 0.092 0.071
Tanzania 0.091 0.094
Jordan 0.090 0.123
Malawi 0.087 0.143
Belarus 0.083 0.109
Cameroon 0.082 0.174
UAE 0.080 0.110
Vietnam 0.078 0.077
India 0.077 0.127
China 0.076 0.092
Ukraine 0.074 0.138
Venezuela 0.069 0.081
Argentina 0.069 0.089
Georgia 0.068 0.107
Zimbabwe 0.067
Tunisia 0.067 0.113
Turkey 0.066 0.149
Pakistan 0.065 0.157
DR Congo 0.065 0.075
Russia 0.062 0.090
Bangladesh 0.062 0.099
Kazakhstan 0.055 0.074
Paraguay 0.054 0.045
Trinidad & Tobago 0.054 0.053
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 0.045
Nepal 0.043 0.069
Algeria 0.040 0.035
Nigeria 0.037 0.052
Kuwait 0.037 0.063
Uzbekistan 0.033 0.065
Qatar 0.032 0.036
Laos 0.029
Oman 0.027 0.201
Burma 0.026 0.089
Zambia 0.024 0.037
Egypt 0.024 0.036
Cuba 0.019
Angola 0.016 0.013
Iraq 0.015 0.045
Bhutan 0.015 0.020
Kyrgyzstan 0.013 0.038
Syria 0.013 0.037
Libya 0.008 0.009
Sudan 0.007 0.035
Ethiopia 0.006 0.019
Iran 0.003


Electricity Price Differences by Country

The lowest residential electricity prices are in Ethiopia, Iran, Libya, Syria, Sudan and a few other countries where one kWh of electricity costs less than USD 0.10. Some of these counties, such as Iran and Libya, subsidize their electricity prices as they are rich in energy resources. Others, such as Ethiopia, are pressed to subsidize prices as incomes in the country are very low and electricity is an essential product.

The most expensive countries are a mix of two kinds. One is remote islands like Bermuda and the Bahamas that rely on fossil fuels for electricity generation with no option to import electricity from a neighbor. The other kind are advanced countries in Europe with relatively high taxes and transmission and distribution costs.


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Data Parameters

The prices are per kWh and include all items in the electricity bill such as the distribution and energy cost, various environmental and fuel cost charges and taxes. The residential prices are calculated using the average annual household electricity consumption per year and for businesses, we use 1,000,000 kWh consumption per year. We do, however, calculate several data points at different levels of consumption for both households and businesses.


Data Collection Methodology

Broadly, the collection of electricity prices depends on whether or not the country has liberalized or regulated power markets. In regulated markets, the government periodically announces new tariff structures. We use these documents to distill the information into the numbers that you see in the data set. The challenge is to have country-specific methodologies that ensure consistency across countries and over time using documents in local languages and changing formats.

In liberalized markets, we take power prices from the current offers of the largest electricity providers, the cost of distribution and transmission from the regulators, and the various applicable taxes and fees from additional research. We give more weight to providers with a larger market share. We also do research to see if the government has adopted any price support mechanisms as the ones that became widespread after the energy price shock in 2022. Here the challenge is to pull information from a variety of sources and to not miss anything.

Hence, for each country - liberalized or regulated - we have a separate methodology with sources and instructions on how to summarize the information. The sources and methodologies evolve over time. The methodology is described in more detail on the about page. It is also useful to read about the differences between our data and official statistics.
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