Price Comparison
The table below is a simple comparison of current electricity tariffs in industrialised countries and territories around the world, expressed in US dollars. Whilst useful for comparing world electricity prices at a glance it does not take into account a number of significant factors including fluctuating international exchange rates, a country's individual purchasing power parity, government electricity subsidies or retail discounts that are often available in deregulated electricity markets.
A comparative list of June 2009 prices for Europe may be found in the European Household Electricity Price Index.
The price also differs from the source of the electricity. In the U.S. in 2002, the cost of electricity by different sources is listed below: Coal: 1-4 cents; Gas: 2.3-5.0 cents; Oil: 6-8 cents; Wind: 5-7 cents; Nuclear: 6-7 cents; Solar: 25-50 cents.
It is worth noting that the high cost of electricity in the Solomon Islands, as shown in the table below, is primarily a result of the use of imported diesel fuel as the main source of fuel for electricity generators. However, other countries that rely heavily on imported fuel oil, such as Jamaica (90% reliance), are able to sustain much lower prices.
Read more about this topic: Power Price Forecasting
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