Introduction
Electricity is a primary source of energy for most countries around the world, and the cost of electricity varies significantly from country to country. In 2021, the cost of electricity has been affected by a variety of factors, such as the cost of raw materials, taxes, subsidies, and environmental regulations. In this article, we will take a look at the cost of electricity by country for 2021 and discuss some of the factors that have influenced these costs.
Cost of Electricity in the United States
In the United States, the cost of electricity is relatively low compared to other countries. According to the U.S. Energy Information Administration (EIA), the average residential electricity price in 2021 was 12.89 cents per kilowatt-hour (kWh). This is slightly lower than the average cost of electricity in 2020, which was 13.25 cents per kWh. The cost of electricity in the United States is largely influenced by the cost of the raw materials used to generate electricity, as well as environmental regulations, taxes, and subsidies.
Cost of Electricity in Canada
In Canada, the cost of electricity is slightly higher than in the United States. According to the EIA, the average residential electricity price in 2021 was 13.84 cents per kWh. This is slightly higher than the average cost of electricity in 2020, which was 13.55 cents per kWh. The cost of electricity in Canada is largely influenced by the cost of the raw materials used to generate electricity, as well as environmental regulations, taxes, and subsidies.
Cost of Electricity in Europe
In Europe, the cost of electricity varies greatly from country to country. According to the EIA, the average residential electricity price in 2021 ranged from 6.19 cents per kWh in Bulgaria to 33.45 cents per kWh in Denmark. Factors that influence the cost of electricity in Europe include the cost of raw materials, taxes, subsidies, and environmental regulations.
Cost of Electricity in Asia
In Asia, the cost of electricity also varies significantly from country to country. According to the EIA, the average residential electricity price in 2021 ranged from 6.06 cents per kWh in India to 25.59 cents per kWh in Japan. Factors that influence the cost of electricity in Asia include the cost of raw materials, taxes, subsidies, and environmental regulations.
Cost of Electricity in Africa
In Africa, the cost of electricity varies greatly from country to country. According to the EIA, the average residential electricity price in 2021 ranged from 3.24 cents per kWh in South Africa to 15.45 cents per kWh in Egypt. Factors that influence the cost of electricity in Africa include the cost of raw materials, taxes, subsidies, and environmental regulations.
Cost of Electricity in South America
In South America, the cost of electricity also varies significantly from country to country. According to the EIA, the average residential electricity price in 2021 ranged from 9.90 cents per kWh in Peru to 25.17 cents per kWh in Venezuela. Factors that influence the cost of electricity in South America include the cost of raw materials, taxes, subsidies, and environmental regulations.
Conclusion
The cost of electricity varies significantly from country to country. In 2021, the cost of electricity has been affected by a variety of factors, such as the cost of raw materials, taxes, subsidies, and environmental regulations. It is important for countries to monitor the cost of electricity, as changes in these costs can have a significant impact on the cost of living and the overall economy.