Electricity Prices Around the World: Renewable Vs Non-Renewable

Let’s play with fire! You will be shocked to know the electricity prices around the world with respect to the American average. 

Where Does the US Get Its Energy from?

The US meets most of its energy needs through domestic resources. Electricity and natural gas are the most consumed energies in US households. 43% of the nation’s electricity produced is consumed by residential sectors. 80% of the electricity generated was received from fossil fuels. The growing consumer demand increases the need to reduce carbon emissions drastically. Thus, the US is currently planning to shift 90% of its energy production from non-renewable sources to renewable resources by 2035 at zero cost. 

Cost of Electricity around the World

Oil resources are spread across the world but Saudi Arabia, Russia, the US, and China have enough to export. Depending on the cost of transportation and national tax laws, the price of electricity differs from country to country. China is the highest consumer of the world’s energy sources and the Gaza Strip consumes the least.

Here is a list showing the price of electricity around the world from highest to lowest:

Electricity Pricing 2021 above 0.30 dollars per kilowatt

• Germany
• Ireland
• Belgium
• Portugal
• Italy

Electricity Pricing 2021 above 0.20 dollars per kilowatt

• Japan
• The UK
• Spain
• Australia
• France
• New Zealand

Electricity Pricing 2021 above 0.10 dollars per kilowatt

• Israel
• South Africa
• The US
• China
• UAE
• India
• Russia

Electricity Pricing 2021 above 0.05 dollars per kilowatt

• Saudi Arabia
• Qatar
• Ethiopia
• Iran

Average Electricity Price Around the World

Each household spends around 0.137 USD on electricity across the world on average. Given the per capita consumption of electricity and the per capita income of the average residents alongside the need to reduce carbon emissions several countries have completely shifted from non-renewable energy sources like oil, natural gas, and nuclear to renewable sources like solar power, hydropower,  wind power, geothermal, and biomass. 

South Korea, Iceland, and Canada have the most energy-intensive industries in the world. Norway and Canada are the most self-reliant countries when it comes to using renewable resources. The country’s natural resources play the most important role when it comes to shifting to renewable energy. 

Bored with electricity price statistics? Play the quiz to get crisp facts on electricity prices around the world.