Household Electricity Prices by Country

In March 2024, Global Petrol Prices published the latest household electricity costs, showcasing significant price disparities across countries. The data reveals Bermuda as the most expensive country at USD 0.458 per kWh, while Iran offers the lowest price globally at just USD 0.002 per kWh.

Which countries have the highest electricity prices in 2024?

The countries with the highest electricity prices highlight regions with high living costs and dependence on imported energy. Top-ranking countries include:
1. Bermuda – USD 0.458
2. Cayman Islands – USD 0.433
3. Italy – USD 0.424
4. Ireland – USD 0.407
5. Liechtenstein – USD 0.379
6. Switzerland – USD 0.376
7. Barbados – USD 0.372
8. Denmark – USD 0.356
9. Bahamas – USD 0.346
10. United Kingdom – USD 0.343

Which countries have the lowest electricity prices in 2024?

Countries with the lowest electricity prices are often those with substantial government subsidies or low production costs. The most affordable include:
1. Iran – USD 0.002
2. Ethiopia – USD 0.003
3. Libya – USD 0.008
4. Syria – USD 0.006
4. Sudan – USD 0.006
5. Cuba – USD 0.006
6. Angola – USD 0.013
6. Kyrgyzstan – USD 0.013
7. Bhutan – USD 0.015
7. Iraq – USD 0.015

How do electricity prices vary across continents?

Electricity prices vary based on resource availability, government policies, and energy infrastructure. Notable trends include:
- **Europe:** Generally high, with Italy (USD 0.424) and Ireland (USD 0.407) among the priciest.
- **North America:** High prices in Bermuda (USD 0.458) and Cayman Islands (USD 0.433), contrasting with lower costs in the U.S. (USD 0.184).
- **Asia:** Significant variation, from Iran's low cost (USD 0.002) to Singapore's USD 0.239.
- **Africa:** Affordable rates in Ethiopia (USD 0.003) but higher costs in Kenya (USD 0.255).

What factors influence household electricity prices?

Electricity costs depend on factors such as energy source, government subsidies, and economic conditions. Countries reliant on imported energy often face higher prices, while those with subsidized energy or abundant natural resources maintain lower costs.

How do electricity prices affect consumers globally?

High electricity prices increase household expenses, impacting cost of living and energy consumption patterns. Countries with lower prices benefit from reduced economic burdens on families but may face challenges in maintaining energy subsidies.

Household Electricity Prices by Country March 2024 (USD / kWh, March 2024)

Country USD / kWh
1 Bermuda 0.458
2 Cayman Islands 0.433
3 Italy 0.424
4 Ireland 0.407
5 Liechtenstein 0.379
6 Switzerland 0.376
7 Barbados 0.372
8 Denmark 0.356
9 Bahamas 0.346
10 United Kingdom 0.343
11 Belgium 0.339
11 Germany 0.339
12 Czech Republic 0.335
13 Austria 0.334
14 Guatemala 0.298
14 Cape Verde 0.298
15 Jamaica 0.294
16 France 0.293
17 Cyprus 0.29
18 Estonia 0.27
19 Kenya 0.255
20 Sierra Leone 0.253
21 Lithuania 0.248
22 Netherlands 0.247
23 Australia 0.246
24 Singapore 0.239
25 Latvia 0.238
26 Uruguay 0.23
27 Honduras 0.226
28 Poland 0.225
29 El Salvador 0.224
29 Slovenia 0.224
30 Belize 0.218
31 Portugal 0.217
31 Luxembourg 0.217
32 Aruba 0.211
33 Spain 0.21
34 Mali 0.208
35 Greece 0.207
36 Sweden 0.204
37 Colombia 0.202
38 Japan 0.201
39 Slovakia 0.2
40 Burkina Faso 0.196
41 Philippines 0.195
41 New Zealand 0.195
41 Gabon 0.195
42 Rwanda 0.185
43 United States 0.184
43 Togo 0.184
43 Peru 0.184
44 Hong Kong 0.181
44 Sri Lanka 0.181
45 Panama 0.18
46 Costa Rica 0.179
47 Israel 0.176
47 Nicaragua 0.176
48 South Africa 0.175
49 Senegal 0.174
50 Finland 0.173
50 Uganda 0.173
51 Romania 0.166
52 Iceland 0.163
53 Norway 0.16
54 Chile 0.156
55 Croatia 0.155
56 Macau 0.154
57 Cambodia 0.151
58 Malta 0.139
59 Namibia 0.137
59 Bulgaria 0.137
59 Lebanon 0.137
60 Mauritius 0.132
61 South Korea 0.131
62 Moldova 0.13
63 Ivory Coast 0.127
63 Mozambique 0.127
64 Brazil 0.125
65 Thailand 0.124
65 Serbia 0.124
65 Madagascar 0.124
66 North Macedonia 0.122
67 Albania 0.121
68 Canada 0.119
69 Morocco 0.117
70 Ghana 0.115
71 Eswatini 0.112
71 Dominican Republic 0.112
72 Armenia 0.109
73 Lesotho 0.098
74 Ecuador 0.097
74 Hungary 0.097
74 Mexico 0.097
75 Maldives 0.096
76 Tanzania 0.093
76 Bosnia and Herzegovina 0.093
77 Botswana 0.091
78 Jordan 0.09
78 Taiwan 0.09
79 Indonesia 0.089
80 United Arab Emirates 0.08
81 Cameroon 0.079
82 India 0.075
82 Belarus 0.075
82 China 0.075
83 Vietnam 0.074
84 Pakistan 0.069
85 Tunisia 0.066
86 Malawi 0.065
87 Ukraine 0.062
88 Georgia 0.06
89 DR Congo 0.058
89 Suriname 0.058
90 Bangladesh 0.053
90 Afghanistan 0.053
90 Saudi Arabia 0.053
91 Trinidad and Tobago 0.052
92 Paraguay 0.051
93 Russia 0.05
94 Malaysia 0.049
95 Bahrain 0.048
96 Azerbaijan 0.047
97 Turkey 0.046
97 Venezuela 0.046
98 Kazakhstan 0.045
99 Nepal 0.042
100 Algeria 0.039
101 Nigeria 0.033
102 Qatar 0.032
103 Kuwait 0.029
104 Laos 0.027
105 Oman 0.026
106 Uzbekistan 0.023
107 Zambia 0.02
108 Myanmar 0.019
109 Argentina 0.018
109 Egypt 0.018
110 Bhutan 0.015
110 Iraq 0.015
111 Kyrgyzstan 0.013
111 Angola 0.013
112 Libya 0.008
113 Cuba 0.006
113 Syria 0.006
113 Sudan 0.006
114 Ethiopia 0.003
115 Iran 0.002

Data from Global Petrol Prices

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