Semi-annual electricity prices for households in Iceland 2012-2018

Electricity prices for households in Iceland from 2012 to 2018, semi-annually (in euro cents per kilowatt-hour)

by Ian Tiseo, last edited Sep 27, 2019
Semi-annual electricity prices for households in Iceland 2012-2018 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. As of the second half of 2018, those receiving an electricity bill in Iceland could expect to pay 14.57 euro cents per kilowatt hour (kWh).

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 had a hydropower capacity of 2,084 megawatts (MW) during 2018 and an onshore wind capacity of 3 MW. In total, Iceland had a renewable capacity of 2,840 MW.

Iceland relative to Nordic neighbors (2016 prices)

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.
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Electricity prices for households in Iceland from 2012 to 2018, semi-annually (in euro cents per kilowatt-hour)

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