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Prices<br />

Figure 9.21: OECD household electricity prices, PPP measure a , 2014<br />

Germany<br />

Portugal<br />

Poland<br />

Slovak Republic<br />

Spa<strong>in</strong> c<br />

Turkey<br />

Italy<br />

Denmark<br />

Greece<br />

Hungary<br />

Ireland<br />

Czech Republic<br />

Slovenia<br />

Japan<br />

Austria<br />

Chile<br />

Netherlands<br />

OECD average<br />

Estonia<br />

United K<strong>in</strong>gdom<br />

Belgium<br />

<strong>Australia</strong> b<br />

New Zealand<br />

France<br />

Luxembourg<br />

Sweden<br />

F<strong>in</strong>land<br />

Israel c<br />

Mexico<br />

Switzerland<br />

Korea<br />

United States<br />

Canada c<br />

Norway<br />

21st<br />

0 5 10 15 20 25 30 35 40<br />

US cent/kWh<br />

Notes: a) The purchas<strong>in</strong>g power parity (PPP) measure is calculated us<strong>in</strong>g OECD PPPs for GDP to transform<br />

IEA electricity prices (national currency per unit) and AEMC electricity prices for <strong>Australia</strong>. PPPs<br />

are the rates of currency conversion that equalise the purchas<strong>in</strong>g power of different countries by<br />

elim<strong>in</strong>at<strong>in</strong>g differences <strong>in</strong> price levels between countries.<br />

b) AEMC electricity price for <strong>Australia</strong> is GST <strong>in</strong>clusive; total prices (<strong>in</strong>clud<strong>in</strong>g taxes) reported for other<br />

countries.<br />

c) 2013 data for Canada and Israel; 2011 data for Spa<strong>in</strong><br />

Source: AEMC (2015) 2014 Residential Electricity Price Trends; IEA (2015), <strong>Energy</strong> Prices and Taxes;<br />

OECD.Stat.<br />

120 ENERGY IN AUSTRALIA 2015

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