Russia ranks 3rd in G20 for affordable household electricity prices

Russia has secured a place among the top three G20 countries with the lowest household electricity costs, according to a recent analysis of international price data. The study, conducted by Russia's RIA Novosti agency using figures from Eurostat and the Russian Statistical Agency (Rosstat), places Russia behind Saudi Arabia and Türkiye in terms of affordability for consumers.

The G20 Affordability Ranking

The data indicates Saudi Arabia offers the cheapest electricity at approximately $0.05 per kilowatt-hour, followed by Türkiye at $0.066. Russia ranks third with an average price of 5.26 rubles, equivalent to $0.068. Other nations with notably low household electricity rates include India ($0.073) and China ($0.075), rounding out the top five. The list of the ten most affordable also features Argentina, Indonesia, Mexico, Canada, and South Korea.

European Nations Bear Highest Costs

In stark contrast, several European G20 members face the most expensive electricity prices. Germany tops this list at $0.40 per kilowatt-hour, with Italy ($0.37) and Britain ($0.35) also facing high costs. France and Australia similarly ranked among the top five most expensive nations for household power, highlighting a clear geographical divide in energy affordability within the G20.

Russian Commentary on Sanctions Impact

In a related statement, the Russian Foreign Ministry linked high European energy costs to sanctions policy, claiming European economies have lost up to €1.6 trillion between 2022 and 2025 due to restrictions on Russian energy imports. The ministry argued that boycotting affordable Russian resources has driven up prices, while asserting that Russia's economy has demonstrated resilience against these restrictive measures.