- Business Insider Africa presents countries with the cheapest household electricity prices in Africa.
- This list is courtesy of Statista.com, a leading provider of market and consumer data.
- The report featured 30 selected countries, 4 of which are African.
Electricity is one of the most important resources in the world. Unfortunately, electricity can be expensive, especially when energy prices are high. That’s why it’s important for governments to ensure that electricity is as affordable as possible.
Cheap electricity is important for a variety of reasons. To begin with, it helps businesses and households save money on their energy bills. When electricity is inexpensive, businesses and households can use as much energy as they need without worrying about the cost. This can help businesses stay competitive and households keep their budgets in check.
Furthermore cheap electricity can help create jobs. When businesses save money on their energy bills, they can reinvest that money into their operations, creating more jobs and stimulating the economy. Cheap electricity can also help businesses expand their operations, which can lead to more job creation.