Tan Kin Lian - Perspectives Electricity prices around the world - March 2023
The data below is taken from this website. 

The average electricity price globally is 0.155 USD per kWh for household users and 0.161 for business users. Business users pay 3.8% more than household users. 

The charges per kWh for household users are shown below:

                         USD
Malaysia           0.047
China               0.076
India                0.078
Taiwan             0.088
Indonesia        0.092
USA                 0.178
Japan               0.208
Australia          0.226
Singapore        0.228
German           0.411
UK                   0.458
Italy                 0.558 

The electricity charges in Singapore are higher than most countries in Asia and America, but is lower than the countries in Europe, which suffered from the cutoff of cheap gas from Russia. 

Tan Kin Lian 

 

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Cross-country comparative of electricity rates is fraught with difficulties because of presence of different causal factors. Eg - 1. Third world country rates tend to be low because they are heavily subsidized. 2. Countries with energy sources such as oil, gas, hydro, thermal, tend to have lower rates. 3. Countries that are heavily committed to sustainability efforts tend to have an intentionally forced higher rate.

Patricklow@ymail.com  13 Oct 2023  

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