Electricity price in each country

Which country has the cheapest electricity ?

The countries with the cheapest electricity price per kWh are Turkmenistan (0.7 cents per kWh), Sudan (0.8 cents per kWh) and Bahrain (0.8 cents per kWh). However, it makes more sense to rank the countries where electricity is the cheapest and power outages are uncommon. Top 3 then becomes Bahrain, Qatar and Oman. These are countries where energy has long been almost free, and where the State subsidises electricity. In Central and North America, the countries where electricity is the cheapest are Trinidad & Tobago, Mexico and Dominican Republic

How does the US rank in terms of power prices ?

With a kWh price of 0.193 US$ in July 2025, the US ranks 100th out of 156 surveyed countries. In Central and North America, the most expensive country is Bermuda with a kWh price of 0.427 US$. The US ranks 6th out of 18 in Central and North America for the kWh price, with a continental average reaching 0.213 US$ per kWh.

Electricity price by continent

We take the average of national prices across each continent. Country-continent association is that of the UN, meaning that Central America is grouped inside North America. Asia has the cheapest energy as most oil and gas producing countries (Gulf and Central Asian countries) have cheap energy. On the opposite, Europe which imports most of its fossil fuels and has high taxes, has the most expensive electricity, around 25 cents per kWh.

Electricity price and liberalization

We have ranked the surveyed countries in "liberalized" and "non liberalized". Partly liberalized countries like the US or Canada are considered liberalized.

The difference is shocking, with a twice higher price in liberalized countries. At first sight, this goes strongly against liberalization ! However, there are a few caveats. First, liberalized countries are mostly rich (EU, UK, USA, Canada, Japan, Singapore). Second, liberalized countries are not affected by frequent power outages, while such events plague a vast majority of non-liberalized countries.

Electricity price and power cuts

Across the 10 countries that have the cheapest electricity, 9 endure frequent power outages. Service quality appears to be clearly correlated to kWh price. In the table below, the electricity price is 50% higher in countries where service quality is good than in countries suffering from frequent blackouts.

To rank countries, we ran a survey and tagged those where blackouts affect all residential customers at least 4 times per year. Out of the 156 countries analyzed, 93 have network stability issues, that is 60%.

The difference between rich, liberalized, expensive, and poor, unstable countries is striking. The definition of the kWh price by the state, ignoring offer and demand balance is the most common feature of countries where blackouts occur frequently.