In September 2025, Bermuda recorded the highest household electricity prices worldwide, followed by Ireland, Germany, and Belgium. Irish households paid around U.S. dollars per kilowatt-hour, while prices in Germany stood at U.S. dollars per kilowatt-hour.
What is behind electricity prices?
Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices.
Reliance on fossil fuel imports
Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.