5 Countries With the Cheapest Electricity in the World

In this brief article, we’ll discuss the top 5 countries where electricity is the cheapest. If you want more insights into how certain countries are able to keep their power affordable, read 20 Countries With the Cheapest Electricity in the World. 

5. Libya 

Electricity Cost in Cents per Kilowatt-Hour (kWh): 0.8

Libya, home to some of Africa’s largest oil reserves, subsidizes electricity costs using this wealth, making it more affordable for its citizens. The country’s electricity generation is primarily based on fossil fuels, especially oil and natural gas, which are abundantly available and inexpensive domestically. The reliance on local fossil fuel sources minimizes the need for costly imports, leading to lower electricity costs. However, the ongoing conflict in Libya has significantly damaged its energy infrastructure, including power plants and transmission lines, causing reduced generation capacity and frequent power outages.