5 Countries With the Cheapest Electricity in the World

1. Iran

Electricity Cost in Cents per Kilowatt-Hour (kWh): 0.2

The low pricing in Iran results from substantial subsidies provided by the Iranian government, a long-standing policy. As of 2022, about 94% of Iran’s electricity was generated from fossil fuels, with natural gas comprising 79%, other fossil fuels 15%, and coal a mere 0.2%. The remaining electricity was produced from hydroelectric power (4.5%) and nuclear energy (1%). Iran’s ability to maintain low electricity prices is largely due to its heavy reliance on fossil fuels, particularly natural gas, supported by the country’s abundant natural resources.

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