The East South Central region (Kentucky, Tennessee, Mississippi, Alabama) is projected to have an average rate in 2020 of 10.96 cents per kWh, up from 10.68 cents in 2019 and 10.52 cents in 2018. 1. https://en.wikipedia.org/wiki/Electricity_pricing, 2. https://www.energycouncil.com.au/analysis/electricity-prices-around-the-world-what-is-the-impact-of-renewable-charges/, 3. https://www.globalpetrolprices.com/Democratic-Republic-of-the-Congo/electricity_prices/, 4. https://www.eia.gov/electricity/state/, 5. https://www.iea.org/statistics/prices/, 6. https://gobulk.com.au/australian-electricity-prices/, 7. https://www.worldatlas.com/articles/electricity-rates-around-the-world.html, 8. https://www.statista.com/statistics/263492/electricity-prices-in-selected-countries/, 9. https://www.globalpetrolprices.com/electricity_prices/, 10. https://www.energycouncil.com.au/analysis/worldwide-electricity-prices-how-does-australia-compare/, 11. https://spectrum.ieee.org/energy/policy/electricity-its-wonderfully-affordable-but-its-no-longer-getting-any-cheaper, Home » Information Guides » Countries With The Most Expensive, & Cheapest Electricity Prices (Electricity Prices Around The World). Electricity prices are dependent on many factors, such as the price of power generation, government taxes or subsidies, local weather patterns, transmission and distribution infrastructure, and multi-tiered industry regulation. In getting a better sense for national numbers and trends, it is therefore important to breakdown individual rates and understand some of the lurking variables that can contribute to overall trends. No data for non-renewable sources is presented in the report. Want to embed this chart on your website? By 2011, the price of PV modules per MW had fallen by 60% since 2008, according to Bloomberg New Energy Finance estimates, putting solar power for the first time on a competitive footing with the retail price of electricity in some sunny countries; an alternative and consistent price decline figure of 75% from 2007 to 2012 has also been published,[92] though it is unclear whether these figures are specific to the United States or generally global. Additional Notes About Electricity Prices, Different countries may have higher or lower average electricity prices compared to the global average, Additionally, different States, provinces, cities, and towns within a country may all have different electricity prices to one another depending on various factors and variables that can impact electricity prices within a specific geographic location, over a specific time period (i.e. Read our Privacy Policy or Terms of Use. The US Energy Information Administration predicts that coal and gas are set to be continually used to deliver the majority of the world's electricity. As one example, we can see Australia’s raw electricity price average is higher than that of Brazil, Singapore, Morocco and Turkey, but all of these countries have more expensive electricity when considering cost of living, purchasing power parity, adjusted exchange rates, etc. As a global data center company, we closely follow electricity rates across the world because it is often a metric to how data center infrastructure is priced. However, an additional efficiency loss occurs in the transition back to DC for battery driven devices and vehicles, and using various interest rates and energy price changes were calculated to find present values that range from $2,060 to $8,210[needs update] (analysis from 2009, based on a panel price of $9 per watt, about 90 times the October 2019 price listed above).[107].