![]() Of course, this average electric price is composed of countries with a lot higher and a lot lower average price. electricity prices are 0.7 cents and 1.7 cents respectively lower – which means that our power is a tiny bit cheaper than the world’s average. cents per kWh for business users – the global average electricity price. cents per kWh for household users and 12.7 U.S. If we averaged out the electricity prices in every country in the world, we would arrive at 14.2 U.S. ![]() Today, we will analyze electricity prices around the world and the unique combination of factors that influence them, then attempt to answer the question most probably on your mind – how does the United States compare? Global Average Electricity Price ![]() Egyptians spend only about 2 cents per kilowatt-hour of electricity, while Danish households a whopping 34 cents, nearly 17 times more. For example, Iceland as the only developed nation generates its electricity from 100% renewable energy sources while China’s electricity comes almost exclusively from fossil fuels. However, there are huge differences in how electricity is generated, used, and even how much it costs in different parts of the world. In 2017, the world’s electricity consumption amounted to approximately 22.3 trillion kilowatt-hours – more than three times the amount consumed in 1980. Our world is a pretty big and diverse place, but there is one thing that connects us with most other countries – using electricity to power our appliances, heat or cool our homes and keep the lights on.
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