How much does electricity cost in Iceland?

Compared to the EU average electricity price, Iceland's electricity is significantly less expensive. For instance, the average price for EU households with a consumption between 2,500 and 5,000 kilowatt-hours annually was 28.9 euro cents in the first half of 2024, around 10 euro cents more than in Iceland.

What is the largest power station in Iceland?

The largest hydroelectric power station in Iceland is Kárahnjúkar Hydropower Plant. It generates electricity in the north Vatnajökull area, which is needed for aluminum production.

How many recharging stations are there in Iceland?

Currently, there are eleven recharging stations in Iceland. Six of them are located in Reykjavik and two in Akureyri. City employees who come to work at least three times a week by means other than a diesel car will receive a 72,000 ISK annual stipend. Vehicles operated by the city are to become electric, and eBikes have been introduced.

How is electricity produced in Iceland?

Based on the United States Energy Information Adminstration data from 2022, electricity in Iceland is produced from the following sources: fossil fuels 0.00%, wind 0.05%, solar 0.00%, hydro 70.16%, nuclear 0.00%, and geothermal 29.79%. You can also compare the energy mix of Iceland to other countries.

Why are Iceland's energy bills so high?

Residents of Iceland have noticed a steep increase in their power bills since 2020. Iceland has been able to take advantage of the local environment to generate significant amounts of energy from renewable resources.