← VOLTLASEstimate your Iceland bill →Methodology. Prices are all-taxes-included, sourced from Eurostat and converted to USD at recent reference rates. Electricity and gas are end-user retail prices per kWh. Voltlas aggregates only freely republishable official data; coverage and update frequency vary by country.
Europe · energy prices
Iceland
What households and businesses in Iceland pay for electricity and natural gas, in US dollars, from free official sources. Figures from Eurostat, latest period H1 2026.
At $0.233 per kWh, household electricity in Iceland is the 22nd most expensive of the 30 countries Voltlas tracks — about 14% below the median of $0.270/kWh. Behind the meter, 100% of Iceland's electricity came from renewables in 2024, with grid carbon intensity around 28 gCO₂ per kWh.
Electricity · household
$0.233/kWh
28.415 ISK/kWh local
Electricity · business
$0.158/kWh
19.268 ISK/kWh local
Adjusted for purchasing power
Household electricity costs about $0.179 per kWh in international dollars (nominal $0.233), reflecting local purchasing power rather than the market exchange rate. Illustrative.
How Iceland makes its electricity
Share of generation, 2024 · 28 gCO₂/kWh · 19 TWh · Ember
Hydro70.7%
Wind0.1%
Solar0.1%
Other renewables29.2%
Energy price history
USD per kWh, all taxes included · Eurostat
Electricity · household
Electricity · business