Electricity is essential to modern daily life, with its use touching on most aspects of our lives. Countries with the highest cost of electricity usually face intensive prices because of increasing demand and dependency on imported energy. A country’s electricity generation mix is crucial in determining its population’s electricity costs. Other factors that make electricity a costly commodity are infrastructure challenges and state-imposed taxes on end-user electricity provision. Also, the cost of fossil fuels, which still constitute a substantial portion of electricity generation, is subject to fluctuating global markets. Volatility in these markets can drive up the cost of electricity.
Here are the top 20 countries that have the highest electricity costs in the world.
| Rank | Country | Cost kilowatt per hour |
| 1. | Italy | $0.789 |
| 2. | Austria | $0.698 |
| 3. | Belgium | $0.652 |
| 4. | Denmark | $0.631 |
| 5. | Germany | $0.618 |
| 6. | Ireland | $0.604 |
| 7. | Lithuania | $0.576 |
| 8. | Netherlands | $0.522 |
| 9. | United Kingdom | $0.495 |
| 10. | Cayman Islands | $0.481 |
| 11. | Estonia | $0.475 |
| 12. | Czech Republic | $0.455 |
| 13. | Latvia | $0.477 |
| 14. | Sweden | $0.438 |
| 15. | Bermuda | $0.427 |
| 16. | Finland | $0.371 |
| 17. | Cyprus | $0.368 |
| 18. | Switzerland | $0.343 |
| 19. | Luxembourg | $0.335 |
| 20. | Jamaica | $0.327 |
