The proportion of non-recoverable taxes and levies in the overall electricity price for non-household consumers is presented in Figure 7. The first of these is Sweden, which has set its goal to eliminate fossil fuels from electricity generation entirely by the year 2040. In 2016, Regulation (EU) 2016/1952 entered into force. In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020) Reference case, U.S. energy consumption grows more slowly than gross domestic product throughout the projection period (2050) as U.S. energy efficiency continues to increase. You only have access to basic statistics. February 27, 2015. Corporate solution including all features. Iceland and Norway generate all of their electricity using renewable energy resources. As a Premium user you get access to the detailed source references and background information about this statistic. Complementing its historical quarterly data for Energy prices and taxes of OECD member countries, the IEA’s World energy prices database provides users with high-quality annual data on end-use prices for most non-OECD countries in the world. This level of taxation is reached in Finland and the Netherlands. Hydroelectric energy is the largest of these, followed by wind and solar power. In 2018, the United States consumed 35% of global gasoline and 14% of global automotive diesel. Turning off unused appliances or simply changing your habits can save you a considerable amount of money as well. Systems are becoming more efficient and inexpensive while their share of total energy consumption is increasing. the energy, supply and network, increased slightly faster than the overall inflation rate (HICP) until the second half of 2013 when it was EUR 0.1338 per kWh. Highest electricity prices in Germany and Denmark. All households receive free electricity up to a certain level of consumption. Transport fuel price variation from the national average, Brazil and China, 2019, Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Clean Energy Ministerial Hydrogen Initiative, Clean Energy Transitions in Emerging Economies, Global Commission for Urgent Action on Energy Efficiency, https://www.iea.org/articles/low-fuel-prices-provide-a-historic-opportunity-to-phase-out-fossil-fuel-consumption-subsidies. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com, Countries With The Lowest Access To Electricity, Average Cost Of Public Transit By Country. The EU-27 average price in the second semester of 2019 — a weighted average using the most recent (2018) data for electricity consumption by non-household consumers — was EUR 0.1173 per kWh. The consumer cost of electricity is dependent on a variety of factors including access to energy sources, local tariffs, and the privitization of resources. If you are unable to reduce how much you pay for electricity in your country, the only other ways to reduce your utility bill is by considering alternative energy sources or by lowering your electricity consumption. Year on year, total prices fell in 10 EU Member States. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). This database includes annual energy prices data for more than 100 non-OECD countries, for gasoline, automotive diesel, natural gas, electricity and other products, and data on end-use prices and taxes updated quarterly for OECD countries. At a global level, the consumption-weighted electricity price for industry falls between the median and 25th percentile, showing that countries where prices are relatively lower tend to have a relatively greater specialisation for industrial sectors. facts. European Electricity Prices. Once you adjust for the different price levels between countries, Canadians have the cheapest electricity and Germans the most expensive. There are more leaders of renewable energy as well as many others who have adopted some type of renewable energy technology. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Comparison between the 2018 and 2019 prices are made in national currencies to exclude exchange rate fluctuations between national currencies and the euro. A recent study showed the data center industry could be using 20% of all available world electricity by 2025 because of the incredible amount of data being created at lightning speeds. It ranges from 4.8 % in Malta to 21.2 % in Hungary. Then you will be able to mark statistics as favourites and use personal statistics alerts. Not surprisingly global pump prices are, on average, significantly higher than the underlying crude spot prices as they also reflect transformation, transport and marketing costs, besides taxes levied on fuel sales. The government changed the regulation and the price was 7.14 USD/MWh in 2019. Directives adopted in 2003 established common rules for internal markets for electricity and natural gas. The EU has acted to liberalise electricity and gas markets since the second half of the 1990s. At the beginning of 2018, Germany generated enough power from renewable sources to power every German household for one year. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. For example, significant changes were seen in the MENA region in recent years (Figure 5) due to both policy developments and economic effects (exchange rates and inflation). This map shows the percentage change from the average price in the country. Price levels varied greatly across countries: from 0.24 USD/l in the Islamic Republic of Iran to over eight times that amount in Hong Kong (1.97 USD/l). the energy, supply and network, increased similarly to the overall inflation until 2012 when it peaked at EUR 0.0943 per kWh in the first semester. Sometimes referred to as the unit price of electricity, the price per kWh is based on usage. There is, therefore, no single price for electricity. For disaggregated data on energy taxes in OECD member countries, please refer to the IEA Energy prices and taxes quarterly publication. Post-tax prices in liberalized markets are generally higher. Thank you for subscribing. The price of electricity for household consumers in Denmark was more than three times as high as the price in Bulgaria. In … Note that prices presented in this article include taxes, levies and VAT for household consumers, but exclude refundable taxes and levies for non-household consumers. Deutsche Bank. For gasoline, the incidence of taxation over the final price can reach levels as high as 65%8. It is worth noting that, in Lithuania, the price without taxes increased by 22.8 %. Although Vanuatu has a grid electricity system in place, government taxes make the cost of electricity prohibitively expensive. Due to these high costs, the country has developed a program for increasing the contribution of electricity sourced from renewable sources to upwards of 80% by the calendar year 2050. As soon as this statistic is updated, you will immediately be notified via e-mail. Until 2016, the domain of non-household consumers was defined as industrial consumers, but reporting authorities were allowed to include other non-household consumers. Currently, utility companies within the country are receiving payments from the grid as a measure of stabilizing a network that has been disrupted due to surges and falls in contributions from solar and wind power sources. Highest electricity prices in Germany and Denmark. Saudi Arabia introduced VAT for the first time on 1 January 2018, at a rate of 5%. In Canada, it is between 6 and 11 cents. dollars)*." A paid subscription is required for full access. On an island where electricity prices can reach 0.51 US cents per kilowatt-hour, there is always the added risk of a natural disaster such as a hurricane knocking the power out of commission. Alternative energy sources such as solar power or wind power might be a choice depending on where you live. This page has been accessed 154,276 times. Throughout this article, references to non-household consumers relate to the medium standard non-household consumption band with an annual consumption of electricity between 500 and 2 000 MWh. By contrast, the weight of the taxes has increased continuously from 31.2 % in 2008 to 40.7 % in 2019. The prices are per kWh and include all items in the electricity bill such as the distribution and energy cost, various environmental and fuel cost charges and taxes. In addition for gasoline, qualitative data on the extent of price regulation have been included for ninety-five countries. Iceland was the first country to propose 100% renewable energy in 1998. For example, sub-national gasoline prices in China are more homogenous due to national price regulations compared to those in Brazil where prices are market-based and largely affected by local taxes. It sometimes makes sense to switch to the state provider, private companies may offer lower or locked in kWh prices but often have many additional fees which can cost significantly more. The type of electricity used varies from country to country. Nicaragua has pledged to generate at least 90% of its electricity from renewable sources by 2020. "Forecast of Levelized Cost of Electricity Prices Globally from 2015 to 2020, by Select Country (in U.S. In some cases the cost of electricity price is high due to additional delivery fees or taxes in certain countries. Electricity prices for residential use have a wider spread and seem to follow a bimodal distribution across countries, while the distribution of electricity prices for industry shows less variability, probably due to the fact that market regulations tend to keep the price for industry low to maintain competitiveness. Then you can access your favorite statistics via the star in the header. In an effort to enhance the value of this database, the IEA is glad to note that the 2020 edition has been expanded to include a dedicated taxation database which contains a detailed breakdown covering seven categories of taxes across sectors and products for around fifty countries. Unfortunately, the United States is also one of the largest energy consumers in the world. ** U.S. estimate based on Deutsche Bank's cost curve through 2017 then 5 percent declines to 2020. Egypt has been progressively increasing the fixed pump price to reduce the burden on the country budget; still, the price expressed in 2015 US dollars decreased (-28%) because of the combined effect of inflation and depreciation of the national currency. Smaller countries often pay considerably more for energy due to the lack of space, natural resources or technologies required to produce cheap electricity. Lowering your electricity consumption is something that anyone can do without affecting their lifestyle significantly. Nevertheless, the weight of the taxes has increased continuously from 13.8 % in 2008 to 34.2 % in 2019. For example, a significant number of countries fix the price to encourage greater access for the population, effectively subsidizing consumption. This map is without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Residential electricity prices also vary significantly across countries. In 2019, more than two-thirds of all electricity capacity installed was renewable.