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Semi-annual electricity prices for households in Iceland 2012-2019

Residents of Iceland would have noticed a steep increase in their power bills from 2013 onwards, as electricity prices rose by 38 percent from the first half of 2013 to the second half of 2018. In the second half of 2019, those receiving an electricity bill in Iceland could expect to pay 14.08 euro cents per kilowatt hour.

Renewable energy in Iceland

Iceland has been able to take advantage of their local environment to generate significant amounts of energy from renewable resources. The country has a hydropower capacity of 2,084 megawatts, accounting for the vast majority of renewable capacity.
Using the EU average as a benchmark, Iceland emerges as one of the cheapest Nordic nations for electricity consumers, based on 2016 prices. Prices in Iceland were 32 percent below the EU average, lower than any other Nordic country. Denmark was the most expensive, coming in at 27 percent above the EU average.

Electricity prices for households in Iceland from 2012 to 2019, semi-annually

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Source

Release date

April 2020

Region

Iceland

Survey time period

2012 to 2019

Supplementary notes

Prices including all taxes, levies and VAT.
Band-DC (Medium): annual consumption between 2 500 and 5 000 kWh.
The published data are national average prices over a period of 6 months. Semester 1 prices are average prices between 1st January and 30th June of each year, semester 2 prices are average prices between 1st July and 31st December of each year.

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Statistics on "Global electricity"

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