About This Statistic
This statistic displays the average price of electricity in selected countries worldwide in 2015. During this year, electricity prices in Germany averaged 0.33 U.S. dollars per kilowatt hour. In recent years, electricity prices have increased mostly due to increased transmission and distribution investments.
Electricity prices in the United States
As of 2015, Australia had one of the highest electricity prices in the world, averaging some 49 U.S. cents per kilowatt hour. In comparison, Canada’s average electricity price was about 13 U.S. cents per kilowatt hour. Electricity pricing can vary between countries as well as within countries, largely due to market prices of fuels, government subsidies and regulations, and weather patterns. Prices also vary based on the time of day for customers. Many electricity utilities are beginning to introduce smart meter installations for their customers, which allow for real-time pricing. Pacific Gas and Electric (PG&E), for example, had installed 5.21 million smart meters as of 2015. This utility provides electricity to most of northern California. The average cost of electricity in California was about 16 U.S. cents per kilowatt hour in 2015.
Electricity prices in the United States have steadily risen in the last decades from an average retail price of 6.57 U.S. cents per kilowatt hour in 1990 to 10.42 cents per kilowatt hour in 2015. Residential electricity prices are often the highest, averaging some 12.67 cents per kilowatt hour in 2015, while industrial electricity prices were about 6.89 cents per kilowatt hours.