Government of Iceland | Energy
As a result of rapid expansion in Iceland''s energy intensive industry, the demand for electricity has increased considerably during the last decade. A licence issued by the National Energy Authority is
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Iceland Electricity Regulations
Instructions and rules
Published guidelines and rules from the Electricity Regulatory Authority of the National Energy Authority can be found on our Icelandic page.
Government of Iceland | Legislation
The Electricity Act, No. 65/2003, based on EU Directive No. 96/92 and Directive 2003/54/EC concerning common rules for the internal market in electricity was enacted in mid-2003.
Electricity Act1
The purpose of this legislative Act is to promote an economic electricity system and thereby strengthen the Icelandic industries as well as regional development in Iceland.
Electricity sector in Iceland
The project is in planning stages and is controversial in Iceland due to fears of increased domestic electricity prices as well as environmental damage from the resulting increase in power plants.
Home — Orkustofnun
Information and instructions about the service the National Energy Authority provides individuals such as consultation and grants. Contributes to increased public and corporate
About the National Regulatory Authority — Orkustofnun
With the introduction of the third Electricity Packet (2009/72/EC) into Icelandic law, the mandatory and independent regulatory body for the electricity market was strengthened. The scope of monitoring
Legal framework and regulations — Orkustofnun
With the implementation of the electricity laws around the mid-year 2003, NRA was entrusted with extensive supervisory roles in electricity matters, particularly overseeing the licensing components,
Electricity sector in Iceland
OverviewConnection to the rest of EuropeProduction and ConsumptionTransmissionDistributionCompetition
There are plans to connect the Icelandic grid with the UK using a subsea High-Voltage DC (HVDC) interconnector, with a potential capacity of up to 1.2GW, called Icelink. It would be the world''s longest submarine HVDC cable, if built. This would allow Iceland to export excess energy to UK and in turn linking it to a wider European super grid. The project is in planning stages and is controversial in Iceland due to fears of increased
Government of Iceland | Law and Order
Icelandic law is primarily comprised of statutes adopted by Althingi, the Icelandic parliament, but also includes orders issued by the executive branch of the state, mainly in the form of regulations.