What should be the real cost of electricity?

Electricity and its continuous supply provides a very high quality of life. In fact Human development index is directly related to electricity usage. Yet for majority of people in rural areas of the developing world electricity is not available. Hence their quality of life is very poor.

At the same time it is wasted in developed world where it is used indiscriminately since it is very cheap. Thus all the lights, computers and other gadgets are mostly on or even when they are in standby mode, consume huge amount of electricity.

Since electricity has become an accepted part of life just as food is, should it not be priced accordingly so that its cost/month should be similar to what we spend on food?

This high cost of electricity will make us use it frugally and will have a tremendous impact on the world environment besides allowing equitable distribution to rural poor.

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