Electricity prices (also called electricity tariffs) depend on a variety of factors such as price of primary power generation sources, government taxes, and grid infrastructure. A large portion of electricity prices are based on wholesale electricity costs. Tariffs will also differ based on customer groups, usually categorized by residential, commercial, and industrial customers. For example, prices for industrial customers tend to be very close to the wholesale price of electricity as they tend to consume more power at higher voltages which is more efficient, and thus, cheaper. Customers tend to be differentiated by load size and usage profiles – how much the customer contributes to the peak load is also important in determining rate class.
Household electricity price worldwide in 2016, by region
(in U.S. dollars per kilowatt-hour)
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Oliver Wyman, & World Energy Council. (October 11, 2016). Household electricity price worldwide in 2016, by region (in U.S. dollars per kilowatt-hour) [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/497410/worldwide-electricity-price-by-region/
Oliver Wyman, und World Energy Council. "Household electricity price worldwide in 2016, by region (in U.S. dollars per kilowatt-hour)." Chart. October 11, 2016. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/497410/worldwide-electricity-price-by-region/
Oliver Wyman, World Energy Council. (2016). Household electricity price worldwide in 2016, by region (in U.S. dollars per kilowatt-hour). Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/497410/worldwide-electricity-price-by-region/
Oliver Wyman, and World Energy Council. "Household Electricity Price Worldwide in 2016, by Region (in U.S. Dollars per Kilowatt-hour)." Statista, Statista Inc., 11 Oct 2016, https://www.statista.com/statistics/497410/worldwide-electricity-price-by-region/
Oliver Wyman & World Energy Council, Household electricity price worldwide in 2016, by region (in U.S. dollars per kilowatt-hour) Statista, https://www.statista.com/statistics/497410/worldwide-electricity-price-by-region/ (last visited October 09, 2024)
Household electricity price worldwide in 2016, by region (in U.S. dollars per kilowatt-hour) [Graph], Oliver Wyman, & World Energy Council, October 11, 2016. [Online]. Available: https://www.statista.com/statistics/497410/worldwide-electricity-price-by-region/