Electricity Prices Around the World: A Comparison

Energy prices have been rising globally, with some countries hitting record highs in 2024. In the UK, the Energy Support Scheme was extended until July 2025 to help with energy bills. The ongoing discussions about energy prices, especially with a 20% increase in April, have led many to seek energy-efficient heating solutions.

The UK has been particularly affected due to factors like the post-Covid economy and the invasion of Ukraine, which reduced gas supply to Europe. Poor insulation and reliance on gas boilers have exacerbated the situation.

Typical energy use is:

• Small household: 1800 kWh
• Medium household: 2900 kWh
• Large household: 4300 kWh

Most expensive and cheapest energy around the world

The Solomon Islands have the most expensive energy prices at £0.56 per kilowatt, with 149% of their paycheck spent on energy annually. Germany also faces high costs due to reliance on Russian gas. In contrast, Lebanon has the cheapest energy prices, with smaller households paying just £2.99 per year. Ethiopia benefits from abundant renewable energy resources.

Highest and Lowest Spend on Energy

Countries spending the most of their annual salary on energy include :

• Benin
• Solomon Islands
• Vanuatu
• Liberia
• Rwanda

Benin spends 165% of its income on energy bills. On the other hand, Lebanon, Libya, Kuwait, Oman, and Qatar spend the least on energy, with Lebanon spending the least due to its renewable energy sources.

Average Cost of Electricity Per Continent

Asia has the lowest energy bills overall, with people spending around 5% of their yearly income on energy, while Oceania is the most expensive, with 38% of annual salaries spent on energy. Europe follows closely, while Africa spends 29% of its income on energy.

Energy Prices in the UK

The UK ranks 188th out of 194 countries for expensive energy, with a cost of £0.39 per kWh, nearly double the European average. High demand post-pandemic and the Ukraine invasion have driven prices up, as electricity prices are linked to gas prices.

How to Save on Electricity No Matter Where You Live

With warmer weather approaching, heating needs will decrease, potentially saving you money. David Johnson, our technical category manager, offers tips to reduce energy bills:

High-energy appliances

Electric showers, ovens, hobs, tumble dryers, washing machines, immersion heaters, electric heaters, panel heaters, and storage heating.

Energy-saving tips

• Reduce shower time 
• Boil only the needed amount of water
• Switch to LED lightbulbs
• Turn off lights when leaving a room
• Switch off appliances at the wall 

With energy costs expected to peak in April and remain high throughout 2025, consider alternative heating options. We suggest well-insulated water underfloor heating, which is more efficient than conventional radiators and could save up to 20% on energy bills, adding value to your property.

Explore our energy-efficient heating options to help reduce your energy bills.n