Which Countries Have the Highest Household Electricity Prices in 2026? Top 10 by USD per kWh
Updated: 2026-08-24Bermuda
Bermuda has the highest residential electricity price in the 2026 benchmark, at $0.466 per kWh. The benchmark uses GlobalPetrolPrices residential data averaged over 2023–2026, so it is a comparable benchmark rather than a single official 2026 tariff.
Ireland
Ireland ranks second at $0.447 per kWh. High electricity costs are linked to factors including gas dependence, Ireland's island grid, network costs and energy-related taxes and charges.
Italy
Italy ranks third with a residential benchmark of $0.415 per kWh, placing it among the world's highest-cost household electricity markets.
Cayman Islands
The Cayman Islands rank fourth at $0.411 per kWh. Small island electricity systems can face higher generation and infrastructure costs because of limited grid scale and dependence on imported energy.
Germany
Germany ranks fifth at $0.406 per kWh. Germany is also among Europe's highest-priced household electricity markets, with taxes, network charges and other non-energy components contributing to household bills.
Belgium
Belgium ranks sixth at $0.404 per kWh. Its residential benchmark is almost the same as the United Kingdom's, showing how closely several European high-price markets cluster.
United Kingdom
The UK ranks seventh at $0.404 per kWh in this residential benchmark. UK electricity prices are influenced by wholesale gas costs because gas-fired generation can set the marginal electricity price during periods of demand.
Liechtenstein
Liechtenstein ranks eighth with a residential electricity benchmark of $0.402 per kWh. It is one of several small European markets appearing near the top of the global comparison.
Switzerland
Switzerland ranks ninth at $0.366 per kWh. Its benchmark is lower than the top eight but remains substantially above the 2026 global residential average reported by GlobalPetrolPrices.
Denmark
Denmark completes the top 10 at $0.361 per kWh. European countries dominate this ranking, while small island electricity systems also appear because of their relatively high generation and infrastructure costs.
Frequently Asked Questions
Which country has the most expensive electricity in the world in 2026?▼
Bermuda ranks first in the residential electricity benchmark at $0.466 per kWh, followed by Ireland at $0.447 and Italy at $0.415. The benchmark covers 2023–2026 average residential prices rather than a single official 2026 tariff.
Why is electricity so expensive in Bermuda?▼
Bermuda has a small, isolated electricity system and depends heavily on imported fuel, which can make generation and infrastructure more expensive. Small island grids also have fewer customers over which to spread fixed electricity-system costs.
Why is electricity so expensive in Europe?▼
European household electricity prices include not only the cost of generating power but also network charges, taxes and other levies, while several countries remain exposed to imported natural-gas costs. The IEA says household electricity prices in many countries have risen faster than incomes and inflation since 2019.