5 Countries With the Cheapest Electricity in the World

3. Ethiopia 

Electricity Cost in Cents per Kilowatt-Hour (kWh): 0.6

Ethiopia has the potential to generate over 60,000 megawatts (MW) of electric power from various sources, including hydroelectric, wind, solar, and geothermal. Currently, the country boasts approximately 4,500 MW of installed generation capacity, with plans to increase this to 17,000 MW in the next ten years, according to the International Trade Administration. However, with a population of 126 million, Ethiopia faces growing electricity demand, making the expansion of power generation facilities essential.