Venezuela being the most expensive doesn’t feel correct with the amount of energy resources they have. Maybe it accounts for corruption cost or something. I would imagine some European countries would be least economical for electricity costs
Quick note about Sweden and Norway. They are both divided into zones with different electricity prices. The north can have prices below 0.01 USD/kWh, while the south can be well over 0.01 USD/kWh (+ taxes and transfer costs). Both countries have abundant hydropower in the north, while the southern zones are exposed to high prices influenced by continental Europe (Germany). Prices are also highly variable due to the increasing share of wind and solar power.
This is outdated by almost 3 years now
This. Looks outdated.
Also isn't electricity in Venezuela free?
Venezuela being the most expensive doesn’t feel correct with the amount of energy resources they have. Maybe it accounts for corruption cost or something. I would imagine some European countries would be least economical for electricity costs
Thanks, great chart. If it needs updating that would be worthwhile. Someone should do it
Quick note about Sweden and Norway. They are both divided into zones with different electricity prices. The north can have prices below 0.01 USD/kWh, while the south can be well over 0.01 USD/kWh (+ taxes and transfer costs). Both countries have abundant hydropower in the north, while the southern zones are exposed to high prices influenced by continental Europe (Germany). Prices are also highly variable due to the increasing share of wind and solar power.