Energy Price Monitor
Electricity
Electricity Price Forecast and History
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About Electricity. Electricity is a vital and versatile energy source that plays a crucial role in modern society. It is easy to transport and distribute, making it an efficient way to generate and consume energy. Throughout the 20th century, electricity has become increasingly important, shaping many aspects of our daily lives. Whether it's powering lights, facilitating communication, or powering electric vehicles, electricity is a fundamental part of our world today.

Electricity can be generated from various sources, including fossil fuels such as coal and natural gas, nuclear energy, and renewable sources such as wind, solar, and hydro power. The cost of producing electricity from each source can vary, and therefore, has a significant impact on the price of electricity. For instance, conventional power plants that rely on fossil fuels often have stable, but higher operating costs, leading to relatively stable, yet higher electricity prices. On the other hand, renewable energy sources, while they can have higher upfront costs, often have lower operating costs and can lead to more competitive electricity prices over time.

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<p>Electricity is an essential commodity for businesses and households, in such a way that electricity prices (or electricity tariffs) are closely linked to economic growth. As electricity costs make up a significant portion of the total energy costs of a country's industry sector, high electricity prices can increase production costs, leading to higher prices for goods and services. In contrast, low electricity prices can stimulate economic growth by lowering production costs.</p> <p>Due to the nature of electricity, these prices are not decided in the global trade market as is the case with crude oil, natural gas and coal. Rather, since electricity is supplied by power plants in a region, the final price depends on many factors, such as the cost of energy production, transmission and distribution infrastructure, local weather patterns, government taxes or subsidies, CO2 taxes, and industry regulation at various levels.</p> <p>Another important factor is the form of generation used to produce electricity since different power plants have entirely different costs of construction and operation. The main types of power plants are thermoelectric, hydroelectric, nuclear, wind and solar power.</p> <p>There is also variation according to the customer purchasing energy, with the 3 main types being residential, commercial, and industrial.</p>
Data Type: energy-monitor
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Intratec provides electricity tariffs applied by local energy companies to large industrial consumers in the countries listed below.

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See monthly Electricity prices in 33 strategic countries. Also check Electricity price history since 2007 and forecasts. Subscribe now to Intratec Energy Price References and gain access to current prices of 13 key energy commodities, including Electricity.

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Data Legend. The Electricity price chart shows the prices in USA Dollar Cent per kilowatt hour (USD cent/kWh). For the world region Americas, check Electricity prices in the following countries:

  • US: Electricity, United States, average price paid by industrial sector
  • BR: Electricity, Brazil, average price paid by industrial sector
  • CO: Electricity, Colombia, average price paid by industrial sector
  • CA: Electricity, Canada, average price paid by industrial sector
  • CL: Electricity, Chile, average price paid by industrial sector
  • MX: Electricity, Mexico, average price paid by industrial sector
  • DE: Electricity, Germany, average price paid by industrial sector
  • BE: Electricity, Belgium, average price paid by industrial sector
  • NL: Electricity, Netherlands, average price paid by industrial sector
  • GB: Electricity, United Kingdom, average price paid by industrial sector
  • FI: Electricity, Finland, average price paid by industrial sector
  • FR: Electricity, France, average price paid by industrial sector
  • NO: Electricity, Norway, average price paid by industrial sector
  • SE: Electricity, Sweden, average price paid by industrial sector
  • CZ: Electricity, Czech Republic, average price paid by industrial sector
  • HU: Electricity, Hungary, average price paid by industrial sector
  • IT: Electricity, Italy, average price paid by industrial sector
  • PL: Electricity, Poland, average price paid by industrial sector
  • ES: Electricity, Spain, average price paid by industrial sector
  • SG: Electricity, Singapore, average price paid by industrial sector
  • ID: Electricity, Indonesia, average price paid by industrial sector
  • TH: Electricity, Thailand, average price paid by industrial sector
  • IN: Electricity, India, average price paid by industrial sector
  • PH: Electricity, Philippines, spot, generation costs
  • AU: Electricity, Australia, spot, Victoria, generation costs
  • CN: Electricity, China, average price paid by industrial sector
  • JP: Electricity, Japan, average price paid by industrial sector
  • RU: Electricity, Russia, average price paid by industrial sector
  • KR: Electricity, South Korea, average price paid by industrial sector
  • TW: Electricity, Taiwan, average price paid by industrial sector
  • SA: Electricity, Saudi Arabia, average price paid by industrial sector
  • ZA: Electricity, South Africa, average price paid by industrial sector
  • TR: Electricity, Turkey, average price paid by industrial sector

Data Use. Electricity prices are provided as an annual subscription where subscribers have access to trustworthy and independent pricing data of 13 key energy commodities in 35 strategic countries worldwide. To better understand data provided by Intratec Energy Price References, check: Price Assessment Basis , Commodities Specifications , Methodology , User Guide and Glossary .

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Price Dynamics. The Electricity price in Brazil increased during July 2018 to 17 USD cent per kWh, which represents a rise of 4% compared to the previous month’s value. On a year-over-year basis, Electricity prices in Brazil increased modestly by 4%. Meanwhile, in Canada, the average price of Electricity amounted to 8.2 USD cent per kWh in July 2018, from 10.0 USD cent per kWh one year earlier. On a month-over-month basis, the Electricity price in Canada is 22% lower than the price one month before.

The price of Electricity in Chile rose slightly throughout July 2018, reaching 8.9 USD cent per kWh. The price in Chile is 2% higher than the average price in the previous month and 2% lower than the average price one year before. In contrast, Electricity prices in Colombia decreased modestly during July 2018, reaching 6.2 USD cent per kWh, which means a decline of 0.2% from the previous month’s price and a rise of 12% from the previous year’s price. 

In the month examined, the Electricity prices in Mexico experienced a significant rise of 2 USD cent per kWh from the previous month's price, to 9.3 USD cent per kWh. Such price movement in Mexico meant a rise of 21% on a monthly basis and a rise of 22% on a yearly basis. On the other hand, in July 2018, the Electricity price in United States witnessed a rise of 0.1 USD cent per kWh when compared against the previous month's price, to 7.3 USD cent per kWh. The July 2018 price in United States did not change when compared to the previous year's price. 

About Intratec Energy Price References. Subscription-based product which monthly delivers trustworthy prices of energy commodities worldwide. Essentially, it covers:

  • Latest monthly prices of 13 energy commodities, including: Butane, Coal, Crude Oil, Diesel, Electricity, Ethanol, Gasoline, Petroleum Coke, Fuel Oil, Kerosene, Naphtha, Natural Gas and Propane
  • Prices in 35 key countries, grouped by 6 world regions:

    • 1 Americas: United States, Canada, Mexico, Brazil, Chile, Colombia
    • 2 West Europe: Germany, France, Italy, Belgium, Netherlands, United Kingdom
    • 3 Central & North Europe: Sweden, Norway, Finland, Poland, Czech Republic, Hungary
    • 4 Southeast Asia & Oceania: Australia, Singapore, Indonesia, Thailand, Philippines, India
    • 5 East Europe & North Asia: China, Japan, Russia, South Korea, Taiwan, Ukraine
    • 6 Africa & Middle East: Saudi Arabia, South Africa, Turkey, Morocco, United Arab Emirates
  • Historical prices since January 2007
  • Short-term forecasts covering a rolling 9 months forward

About Electricity. Electricity is a vital and versatile energy source that plays a crucial role in modern society. It is easy to transport and distribute, making it an efficient way to generate and consume energy. Throughout the 20th century, electricity has become increasingly important, shaping many aspects of our daily lives. Whether it's powering lights, facilitating communication, or powering electric vehicles, electricity is a fundamental part of our world today.

Electricity can be generated from various sources, including fossil fuels such as coal and natural gas, nuclear energy, and renewable sources such as wind, solar, and hydro power. The cost of producing electricity from each source can vary, and therefore, has a significant impact on the price of electricity. For instance, conventional power plants that rely on fossil fuels often have stable, but higher operating costs, leading to relatively stable, yet higher electricity prices. On the other hand, renewable energy sources, while they can have higher upfront costs, often have lower operating costs and can lead to more competitive electricity prices over time.

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