The cost of electricity in the world

[Za1n]

[...]

Venezuelan here, can confirm, rates are as low as 0.002 USD/KWh (and there are places with 0.0005 USD/KWh).

That is so sad for me to hear (happy for you), but I pay $0.14 per kwH here in the central part of the US. Are you limited by how much you can consume in a given month or is it "all you can use" type of pricing plan?

The electrical service comes with a meter that limits how much current you can consume. According to the kind of meter you have, is the type of price you have. I have the 0.002 USD/KWh due to me consumig a lot for the miners and air conditioner.

There's no maximum amount to the consume, all you can eat "flat" rate (varies a little bit according to the amount of charge you use, but the variation is little according to the type of meter).

That's interesting to see such comparisons from various part of the world. Do you get charged any type of flat rates per month or billing cycle for the meter charge as well?

Where I am at the base fee for electric, even if I consume 0 kwH is ~$30/month just for the service to be hooked up. Once I figure in my typical usage, it is not uncommon to have a total bill of around $300/month.

[chiguireitor]

[...]
Where I am at the base fee for electric, even if I consume 0 kwH is ~$30/month just for the service to be hooked up. Once I figure in my typical usage, it is not uncommon to have a total bill of around $300/month.

The first tier is just like $0.01 flat rate (less than 3kw usage), the second tier is like $0.2 (15kw usage), the third is like $1 + usage (max $2), the third tier is $5 + usage ($0.002 KWh).

Pretty cheap, and relatively good (98-98.5% availability of service)

[ahmedjamal1998]

Ofcourse the cheapest is in the GCC countries.

[chiguireitor]

Ofcourse the cheapest is in the GCC countries.

Gnu C Compiler?

[Dalkore]

Eastern Washington:  $0.027 to $.023 per Kwh.  The cheapest period especially when you figure the legal protections and ease of logistics in the United States.

[nonbody]

south Africa has around 80 cents per kw which isnt too bad. but winter our power prices seem to go up :/

[QuintLeo]

Total rate in Chelan and Douglas counties have been a bit higher than that lately with the drought surcharges. Still in the 3 cent/KWH ballpark EVERYTHING figured in.

 They're more "North/Central" than "Eastern" Washington too, though it seems like everything more than 30 miles east of Redmond is counted as "Eastern" by a lot of folks.




 I wouldn't count 98% availability as "good" for electric service. In 7 years I've been at my current location, we've accumulated a total downtime of about 4 days - 3 of those during a MASSIVE ice storm that covered several states a couple years back. More years than not have been ZERO downtime. I've seen similar levels of availability everywhere I've lived in the US - 99.5% or better is the NORM here in recent years.

[Dalkore]

Total rate in Chelan and Douglas counties have been a bit higher than that lately with the drought surcharges. Still in the 3 cent/KWH ballpark EVERYTHING figured in.

 They're more "North/Central" than "Eastern" Washington too, though it seems like everything more than 30 miles east of Redmond is counted as "Eastern" by a lot of folks.




 I wouldn't count 98% availability as "good" for electric service. In 7 years I've been at my current location, we've accumulated a total downtime of about 4 days - 3 of those during a MASSIVE ice storm that covered several states a couple years back. More years than not have been ZERO downtime. I've seen similar levels of availability everywhere I've lived in the US - 99.5% or better is the NORM here in recent years.

People from around here consider themselves in Eastern Washington, it is more the cultural identification.  Personally we have not had any downtime by the PUD (knock on wood).   With that said, we are on a high availability grid so that may have something to do with it. 

[keysplease]

South America would be a good place to setup a mining rig.

[kampretkabur]

wow i never know that there are country with free electricity

[BTC_ISTANBUL]

The cheapest electricity is in Quatar.I would not prefer to open a farm in Quatar?Would you?The alternatives are Saudi Arabia, Sudan, Washington, Russia.

Russia is more interesting to me since the culture and language is familiar to me.

[chiguireitor]

The cheapest electricity is in Quatar.I would not prefer to open a farm in Quatar?Would you?The alternatives are Saudi Arabia, Sudan, Washington, Russia.

Russia is more interesting to me since the culture and language is familiar to me.

Doubt Qatar is cheaper than Venezuela.

[chiguireitor]

I'm wondering about the repliers putting the decimal point in the correct place in the replies.. 0.002USD/kWhr means 0.2 cents per kWh which is insanely cheap..!

Here in Australia, flat tariff prices were $0.36/kWhr which is 36 cents per kWh.. though we had a price drop recently down to 27c/kWhr. We also pay a network access fee of $1.50 per day. 1 Oz dollar = 0.72 USD

With miners returning maybe 16c/kwhr then it is not productive to mine here.. I'm setting up my mining system to use my 400kW solar farm as I can't sell my power to the network for more than 6c/kWhr.

If you have power at only 0.2 cents per kWh.. can we be friends. I have a bunch of miners I can send over to run

0.2 USD/KWh is my rate, yeap....

However, finding a place to host a large amount of miners is a feat, as i'm looking already for someone that asked me and i haven't found a single place i could consider without making a considerable investement on power transformation.

So, for small scale mining, it is good, but for large scale (PH/s domain) it is a no-go atm.

[Jamphone]

0.2 USD/KWh is my rate, yeap....

However, finding a place to host a large amount of miners is a feat, as i'm looking already for someone that asked me and i haven't found a single place i could consider without making a considerable investment on power transformation.

So, for small scale mining, it is good, but for large scale (PH/s domain) it is a no-go atm.

Amazing price, but the current situation in the country will be a real challenge. Not saying its impossible, but it is going to be real tough.

1) The power company has not invested in capacity in over a decade, so all of the lines are probably maxed out. Look at the near 50% decrease in the country's oil production. Subsidized prices leads to no reinvestment. Even in a first world county, the much bigger struggle is finding capacity, not space. There are lots and lots of buildings, but not a lot of lines with an extra 2 or 3 MW.

2) To run a real mine you'll need electrical and HVAC equipment. The power company won't deliver much past 50kw of 208v/240v power, you're going to need transformers to step down from the voltage they deliver. Those transformers will have to come from another country. If you use "second world" grade gear, you'll end up with a fire like at Cowboy Miners last year.

3) The climate will be a real struggle. Even with "swamp" cooling, you'll need tons and tons of fans to move that air, which again, will need to be imported or you'll have to settle for substandard goods.

4) Eventually the Bolivar will go the way of the Zimbabwean dollar. Like Ecaudor, El Savlador and Panama before, Venezuela will be forced to revalue their currency. Their socialist paradise, at this point, will have to be unwound and the price of electricity in Venezuela will have to move to something similar to what its neighbours pay. Will that happen this week? No. In the next five years? Absolutely. So careful about making a "big" investments, as your mine will be underwater once that revaluation in the economy hits. And it won't just be the electricity but other subsidies, whether direct or indirect, like how an economic rebound after revaluation will remove the lower rent and employment costs caused by such poor economic management.

5) Untrustworthy government. Venezuela's government simply takes foreigners property. You'll have trouble getting people to trust that their gear won't be seized like billions and billions of foreign investments before them.

Otherwise, when you've got it running I would love to see a picture. Absolutely doable, but you're walking up hill.

[chiguireitor]

...

Amazing price, but the current situation in the country will be a real challenge. Not saying its impossible, but it is going to be real tough.

1) The power company has not invested in capacity in over a decade, so all of the lines are probably maxed out. Look at the near 50% decrease in the country's oil production. Subsidized prices leads to no reinvestment. Even in a first world county, the much bigger struggle is finding capacity, not space. There are lots and lots of buildings, but not a lot of lines with an extra 2 or 3 MW.

2) To run a real mine you'll need electrical and HVAC equipment. The power company won't deliver much past 50kw of 208v/240v power, you're going to need transformers to step down from the voltage they deliver. Those transformers will have to come from another country. If you use "second world" grade gear, you'll end up with a fire like at Cowboy Miners last year.

3) The climate will be a real struggle. Even with "swamp" cooling, you'll need tons and tons of fans to move that air, which again, will need to be imported or you'll have to settle for substandard goods.

4) Eventually the Bolivar will go the way of the Zimbabwean dollar. Like Ecaudor, El Savlador and Panama before, Venezuela will be forced to revalue their currency. Their socialist paradise, at this point, will have to be unwound and the price of electricity in Venezuela will have to move to something similar to what its neighbours pay. Will that happen this week? No. In the next five years? Absolutely. So careful about making a "big" investments, as your mine will be underwater once that revaluation in the economy hits. And it won't just be the electricity but other subsidies, whether direct or indirect, like how an economic rebound after revaluation will remove the lower rent and employment costs caused by such poor economic management.

5) Untrustworthy government. Venezuela's government simply takes foreigners property. You'll have trouble getting people to trust that their gear won't be seized like billions and billions of foreign investments before them.

Otherwise, when you've got it running I would love to see a picture. Absolutely doable, but you're walking up hill.

Indeed, i have been in contact with several people interested in putting their mines here, and it is rather difficult to find doable places where there's no need for a 100-200k USD investment on transformers.

However, cooling is a non-issue, ambient temps on my mines are sub-30ºC so i just got to push-pull enough air through them and work done.

Regarding the issue of the "subsidy" of the electricity: I have enough insider information on the matter and i know what's the next price point, and it is a non-issue atm. Also, 80% of the generation is hydro, which is WAY greener than most other mines, and there's a dam that's about to be opened that will add 12GW more to the electric network.

If/when the socialist government goes away, the opposing party isn't willing to take the political red pill of eliminating subsidies and letting the unwashed masses pay full price

Btw, electricity price before the socialist "revolution" was ultra-low too.... it has been the neverending boon here, so i doubt that's set to change anytime soon... politicians aren't stupid when it comes to populist decisions, and they know that removing subsidies from the electricity and gas prices will net them a coup, in the best case, and their lives at worst.

[crazyearner]

Eastern Washington:  $0.027 to $.023 per Kwh.  The cheapest period especially when you figure the legal protections and ease of logistics in the United States.

I would love prices like that where I am in the UK.

south Africa has around 80 cents per kw which isnt too bad. but winter our power prices seem to go up :/

And I thought that in UK had bad prices. Currently price here is around £0.12 to £0.15 ish depending on what suppler go to. So around 0.18 to 0.20 cent. Having 80 cent per kw is insane. It would be good if find some new renewable energy that becomes the new standard and reduces prices and have cleaner energy, but costs more to produce right now. The way population is growing will be a global crisis in the future if technology does not advance to a point of everything being renewable, not forgetting being cost effective for every household. Right now prices in UK are not too bad but could be a lot better and with petrol going up and diesel going down is a joke too. Can only wait and see what happens for the future but no doubt prices will go up and wage wont cover it.

[salex8216]

Russia was 0,1$/kw
but because of devaluation  0,05$/Kw

[VCoinTech]

Electricity Costs in some parts of India.

Considering consumption of more than 500 KWH Per Month.

Andhra Pradesh: $0.12/KWH
Arunachal Pradesh: $0.06/KWH
Assam: $0.08/KWH
Bihar: $0.08/KWH
Chattisgarh: $0.09/KWH
Goa: $0.08/KWH
Gujrat: $0.07/KWH
Karnataka: $0.10/KWH
Maharashtra: $0.14/KWH
Delhi: $0.13/KWH
Kolkata: $0.12/KWH

For those who think India has cheapest electricity, a big no no.

[gallery2000]

Electricity Costs in some parts of India.

Considering consumption of more than 500 KWH Per Month.

Andhra Pradesh: $0.12/KWH
Arunachal Pradesh: $0.06/KWH
Assam: $0.08/KWH
Bihar: $0.08/KWH
Chattisgarh: $0.09/KWH
Goa: $0.08/KWH
Gujrat: $0.07/KWH
Karnataka: $0.10/KWH
Maharashtra: $0.14/KWH
Delhi: $0.13/KWH
Kolkata: $0.12/KWH

For those who think India has cheapest electricity, a big no no.

That is doable Arunachal Pradesh: $0.06/KWH

[fedarik]

In some parts of India including Arunachal you can set up your own mini hydro electric plants to power these operations.