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Iceland has the cheapest electricity in the world. They run heat under their roads so they don't need to be plowed. Aluminum is shipped to Iceland to be smelted
by spywaregorilla 4y ago
Iceland has the cheapest electricity in the world. They run heat under their roads so they don't need to be plowed. Aluminum is shipped to Iceland to be smelted just because the energy is so much cheaper.
Iceland's electricity usage per capita is 4x that of the United States, and more than 2x the next highest country (Norway). They're the largest producer per capita as well. The population is not large, mind you, but it's noteworthy.
https://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption https://en.wikipedia.org/wiki/List_of_countries_by_electrici...
The rate for businesses is 0.066per kWh vs 0.128 in the US.
All of which is obfuscated by taxes and subsidies of course.
https://www.globalpetrolprices.com/Iceland/electricity_prices/ https://www.globalpetrolprices.com/Iceland/electricity_price...
Technically it may be cheaper in some small petrol states but that feels misleading.
Mind you I'm just regurgitating a quick google's worth + tourism fun facts.
- xienze 4y ago> Iceland has the cheapest electricity in the world. Come again? If the parent post about about $0.139/kWh for households is correct, I can assure you there are many places in the US cheaper than that.
- spywaregorilla 4y agoIf you're asking for some contextual explanation why that $0.139 is not a sufficient figure to explain the issue, consider reading the rest of my post past the first sentence.
- beembeem 4y agoThere were only 2 markets nationwide with retail rates lower than this [1] in Aug 2022. [1] https://www.bls.gov/regions/midwest/data/AverageEnergyPrices_SelectedAreas_Table.htm https://www.bls.gov/regions/midwest/data/AverageEnergyPrices...