Iraq among top 11 worldwide for cheapest electricity
Shafaq News/ Iraq ranked 11th in the world and 4th among theArab countries in the list of the cheapest electricity prices for 2024,according to a report published by the “Global Petrol Prices” website, aplatform specializing in economics.
According to a table published, Iraq ranked 11th out of 147countries for electricity prices in 2024. The data shows that the cost ofelectricity in Iraq is 0.015$ per kWh for residential use, and 0.046$ per kWhfor commercial.
On a global scale, Iran secured the top spot for thecheapest electricity prices, with a rate of just 0.002$ per kWh. Ethiopiaranked 2nd, offering electricity at 0.003$ per kWh, followed by Cuba in 3rdplace at 0.006$ per kWh.
Syria and Sudan ranked 3rd with the same price of 0.006$ perkWh, followed by Libya at 0.008$.
On the other side of the list, Bermuda ranked last as themost expensive country in terms of electricity prices, with a price of 0.458$per kWh, followed by Italy at 0.450$.
In the Arab world, Syria had the lowest electricity prices,ranking 1st, followed by Sudan in 2nd place, Libya in 3rd, and Iraq in 4th.Egypt came in 5th at 0.019$ per kWh, while Oman ranked sixth with a price of0.020$ per kWh, and Kuwait placed 7th at 0.029$ per kWh.
In the United States, the world’s largest economy,electricity costs 0.145$ per kWh, which is slightly below the global average.China's rates are even lower, at 0.09$ per kWh, despite being the 2nd largesteconomy. German businesses pay significantly more, with electricity priced at0.252$ per kWh, while Japan falls in between at 0.192$ per kWh.
