Australian households are shelling out 130 per cent more for power than Canadians and 70 per cent more than Americans, according to new research.
The research claims Australians pay more on average than Japanese, British, French, Irish and New Zealanders, News Limited reported.
It says that household electricity prices are already 70 per cent more than the American average - a figure set to balloon to 160 per cent in two years.
The statistics are part of a report by the Energy Users Association of Australia (EUAA), with members that include BHP Billiton, Coles, Bluescope Steel, RailCorp and Rio Tinto.
The executive director of the EUAA, Roman Domanski, said prices would increase once the federal government's carbon tax and locked-in price increases come into effect.
"Add in the carbon tax from July, further network price increases and renewable energy subsidies and inevitably our prices are pushed to the point where they are challenging Denmark and Germany as the most expensive in the world," he told the Daily Telegraph.
According to the research, which compared prices in 92 jurisdictions from more than 35 countries, NSW ranked fourth behind Denmark, Germany and South Australia.
The state was followed by Victoria at fifth, Western Australia at sixth and the Australian Capital Territory was 21st.