Iceland - Price of Electricity
Since 2015, Iceland Price of Electricity rose 6.5% year on year. At 12.2 US Cents per Kilowatthour in 2020, the country was ranked number 119 among other countries in Price of Electricity. Iceland is overtaken by Canada, which was ranked number 118 at 12.3 US Cents per Kilowatthour and is followed by Luxembourg at 12.1 US Cents per Kilowatthour. Venezuela ranked the highest with 123.8 US Cents per Kilowatthour in 2020, that is -81.1% versus 2019. Solomon Islands, Antigua and Barbuda and Federated States of Micronesia respectively ranked number 2, 3 and 4 in this ranking. Slovenia witnessed the best average annual growth at +14.9% per year, while Venezuela witnessed the worst performance at -33.5% per year.
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| Date | US Cents per Kilowatthour |
|---|---|
| 2020 | 12.20 |
| 2019 | 10.00 |
| 2018 | 9.40 |
| 2017 | 8.80 |
| 2016 | 8.90 |
How does Iceland rank in Price of Electricity?
| # | 183 Countries | US Cents per Kilowatthour | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Venezuela
|
123.80 | 2020 | -81.1 % | -33.5 % | View data | |
| 2 |
#2
Solomon Islands
|
71.60 | 2020 | +6.2 % | -6.2 % | View data | |
| 118 |
#118
Canada
|
12.30 | 2020 | -7.5 % | -0.9 % | View data | |
| 119 |
#119
Iceland
|
12.20 | 2020 | +22.0 % | +6.5 % | View data | |
| 120 |
#120
Luxembourg
|
12.10 | 2020 | +14.2 % | -4.8 % | View data | |