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Built 2026-10-11 (11 October 2026)

Electricity Prices in Iceland

In the first half of 2025, households in Iceland paid 20.19 euro cents/kWh with all taxes and levies included, for a typical household using 2,500 to 4,999 kWh a year. Eurostat has no household price for Iceland for the first half of 2026, the half year used to rank countries, so Iceland is not ranked. Taxes and levies made up 20.7% of the household price in Iceland in the first half of 2025: 16.01 euro cents/kWh before taxes and levies, 4.18 euro cents/kWh on top. In the second half of 2024, medium sized businesses in Iceland paid 11.98 euro cents/kWh with all taxes and levies included, for a typical medium sized business using 500 to 1,999 MWh a year.

Retail prices from Eurostat, a typical consumption band and not for everyone. They are not wholesale prices.

Key Facts, H1 2025

  • In the first half of 2025, households in Iceland paid 20.19 euro cents/kWh with all taxes and levies included, for a typical household using 2,500 to 4,999 kWh a year.
  • Taxes and levies made up 20.7% of the household price in Iceland in the first half of 2025: 16.01 euro cents/kWh before taxes and levies, 4.18 euro cents/kWh on top.
  • Eurostat has no household price for Iceland for the first half of 2026, the half year used to rank countries, so Iceland is not ranked.
  • The household price in Iceland is 18.6% higher than a year earlier and 50.6% higher than five years earlier, in nominal euros, before inflation.
  • In the second half of 2024, medium sized businesses in Iceland paid 11.98 euro cents/kWh with all taxes and levies included, for a typical medium sized business using 500 to 1,999 MWh a year.
  • Taxes and levies made up 21.2% of the medium sized business price in Iceland in the second half of 2024: 9.44 euro cents/kWh before taxes and levies, 2.54 euro cents/kWh on top.
  • Eurostat has no medium sized business price for Iceland for the first half of 2026, the half year used to rank countries, so Iceland is not ranked.
  • The medium sized business price in Iceland is 20.5% higher than a year earlier and 78.3% higher than five years earlier, in nominal euros, before inflation.
  • Eurostat marks the medium sized business price for Iceland in the second half of 2024 as an estimate.
  • These are retail prices paid by customers, from Eurostat. They are not the wholesale day-ahead prices, which are a different measure and are shown separately.

Households: H1 2025

Eurostat nrg_pc_204, band DC, 2,500 to 4,999 kWh a year
Electricity price for households in Iceland, the first half of 2025, at each tax level, with rank and change.
MeasureValueAs of
All taxes and levies included20.19 euro cents/kWhH1 2025
Excluding VAT and other recoverable taxes16.29 euro cents/kWhH1 2025
Excluding all taxes and levies16.01 euro cents/kWhH1 2025
Taxes and levies, share of the price20.7%H1 2025
European Union average, all taxes in28.96 euro cents/kWhH2 2025
Change on a year earlier+18.6%to H1 2025
Change on five years earlier+50.6%to H1 2025

Taxes and levies made up 20.7% of the price in the first half of 2025: 16.01 euro cents/kWh before taxes and levies, 4.18 euro cents/kWh on top. Changes are in nominal euros, before inflation.

Iceland: households electricity price since the first half of 2012, before and after taxes and levies Electricity price for households in Iceland from the first half of 2012 to the first half of 2025, in euro cents per kWh, split into the price before taxes and levies and the taxes and levies on top. The total is the all taxes price, 20.19 euro cents/kWh in the first half of 2025. 0.00 6.25 12.50 18.75 25.00 H1 2012H1 2016H1 2020H1 2024
Electricity price for households in Iceland from the first half of 2012 to the first half of 2025, in euro cents per kWh, split into the price before taxes and levies and the taxes and levies on top. The total is the all taxes price, 20.19 euro cents/kWh in the first half of 2025.
Eurostat nrg_pc_204, euro cents/kWh, through H1 2025
Iceland: households electricity price since the first half of 2012, before and after taxes and levies
Half yearPrice before taxes and leviesTaxes and leviesAll taxes and levies
H1 20128.77 euro cents/kWh2.33 euro cents/kWh11.10 euro cents/kWh
H2 20129.20 euro cents/kWh2.44 euro cents/kWh11.64 euro cents/kWh
H1 20138.31 euro cents/kWh2.22 euro cents/kWh10.53 euro cents/kWh
H2 20138.46 euro cents/kWh2.26 euro cents/kWh10.72 euro cents/kWh
H1 20148.95 euro cents/kWh2.38 euro cents/kWh11.33 euro cents/kWh
H2 20149.14 euro cents/kWh2.44 euro cents/kWh11.58 euro cents/kWh
H1 20159.50 euro cents/kWh2.47 euro cents/kWh11.97 euro cents/kWh
H2 20159.98 euro cents/kWh2.67 euro cents/kWh12.65 euro cents/kWh
H1 201610.35 euro cents/kWh2.77 euro cents/kWh13.12 euro cents/kWh
H2 201611.66 euro cents/kWh3.12 euro cents/kWh14.78 euro cents/kWh
H1 201712.63 euro cents/kWh3.35 euro cents/kWh15.98 euro cents/kWh
H2 201712.00 euro cents/kWh3.18 euro cents/kWh15.18 euro cents/kWh
H1 201812.22 euro cents/kWh3.23 euro cents/kWh15.45 euro cents/kWh
H2 201811.52 euro cents/kWh3.05 euro cents/kWh14.57 euro cents/kWh
H1 201911.31 euro cents/kWh2.98 euro cents/kWh14.29 euro cents/kWh
H2 201911.32 euro cents/kWh2.99 euro cents/kWh14.31 euro cents/kWh
H1 202010.61 euro cents/kWh2.80 euro cents/kWh13.41 euro cents/kWh
H2 20209.88 euro cents/kWh2.60 euro cents/kWh12.48 euro cents/kWh
H1 202110.70 euro cents/kWh2.85 euro cents/kWh13.55 euro cents/kWh
H2 202110.95 euro cents/kWh2.92 euro cents/kWh13.87 euro cents/kWh
H1 202212.05 euro cents/kWh3.25 euro cents/kWh15.30 euro cents/kWh
H2 202212.20 euro cents/kWh3.28 euro cents/kWh15.48 euro cents/kWh
H1 202312.08 euro cents/kWh3.23 euro cents/kWh15.31 euro cents/kWh
H2 202312.74 euro cents/kWh3.40 euro cents/kWh16.14 euro cents/kWh
H1 202413.45 euro cents/kWh3.57 euro cents/kWh17.02 euro cents/kWh
H2 202414.36 euro cents/kWh3.78 euro cents/kWh18.14 euro cents/kWh
H1 202516.01 euro cents/kWh4.18 euro cents/kWh20.19 euro cents/kWh

Source: Eurostat (ec.europa.eu/eurostat), datasets nrg_pc_204 and nrg_pc_205, electricity prices for household and non household consumers, bi-annual data. Selected and charted by World Power Monitor. (Eurostat reuse policy) Data as of the first half of 2025. Prices for households in consumption band DC (2,500 to 4,999 kWh a year), in euros.

Medium Sized Businesses: H2 2024

Eurostat nrg_pc_205, band IC, 500 to 1,999 MWh a year
Electricity price for medium sized businesses in Iceland, the second half of 2024, at each tax level, with rank and change.
MeasureValueAs of
All taxes and levies included11.98 euro cents/kWhH2 2024
Excluding VAT and other recoverable taxes9.70 euro cents/kWhH2 2024
Excluding all taxes and levies9.44 euro cents/kWhH2 2024
Taxes and levies, share of the price21.2%H2 2024
European Union average, all taxes in22.06 euro cents/kWhH2 2025
Change on a year earlier+20.5%to H2 2024
Change on five years earlier+78.3%to H2 2024

Taxes and levies made up 21.2% of the price in the second half of 2024: 9.44 euro cents/kWh before taxes and levies, 2.54 euro cents/kWh on top. Changes are in nominal euros, before inflation. Eurostat marks the medium sized business price for Iceland in the second half of 2024 as an estimate.

Iceland: medium sized businesses electricity price since the first half of 2016, before and after taxes and levies Electricity price for medium sized businesses in Iceland from the first half of 2016 to the second half of 2024, in euro cents per kWh, split into the price before taxes and levies and the taxes and levies on top. The total is the all taxes price, 11.98 euro cents/kWh in the second half of 2024. 0.00 3.00 6.00 9.00 12.00 H1 2016H1 2020H1 2024
Electricity price for medium sized businesses in Iceland from the first half of 2016 to the second half of 2024, in euro cents per kWh, split into the price before taxes and levies and the taxes and levies on top. The total is the all taxes price, 11.98 euro cents/kWh in the second half of 2024.
Eurostat nrg_pc_205, euro cents/kWh, through H2 2024
Iceland: medium sized businesses electricity price since the first half of 2016, before and after taxes and levies
Half yearPrice before taxes and leviesTaxes and leviesAll taxes and levies
H1 20167.14 euro cents/kWh1.98 euro cents/kWh9.12 euro cents/kWh
H2 20166.30 euro cents/kWh1.10 euro cents/kWh7.40 euro cents/kWh
H1 20177.68 euro cents/kWh2.12 euro cents/kWh9.80 euro cents/kWh
H2 2017n/an/an/a
H1 20187.56 euro cents/kWh1.05 euro cents/kWh8.61 euro cents/kWh
H2 20183.80 euro cents/kWh1.11 euro cents/kWh4.91 euro cents/kWh
H1 20195.58 euro cents/kWh1.14 euro cents/kWh6.72 euro cents/kWh
H2 20195.59 euro cents/kWh1.13 euro cents/kWh6.72 euro cents/kWh
H1 20207.13 euro cents/kWh1.07 euro cents/kWh8.20 euro cents/kWh
H2 20207.04 euro cents/kWh0.97 euro cents/kWh8.01 euro cents/kWh
H1 20214.49 euro cents/kWh1.03 euro cents/kWh5.52 euro cents/kWh
H2 20217.04 euro cents/kWh1.92 euro cents/kWh8.96 euro cents/kWh
H1 20227.32 euro cents/kWh2.02 euro cents/kWh9.34 euro cents/kWh
H2 20227.75 euro cents/kWh2.21 euro cents/kWh9.96 euro cents/kWh
H1 20237.57 euro cents/kWh2.19 euro cents/kWh9.76 euro cents/kWh
H2 20237.78 euro cents/kWh2.16 euro cents/kWh9.94 euro cents/kWh
H1 20248.35 euro cents/kWh2.39 euro cents/kWh10.74 euro cents/kWh
H2 20249.44 euro cents/kWh2.54 euro cents/kWh11.98 euro cents/kWh

Source: Eurostat (ec.europa.eu/eurostat), datasets nrg_pc_204 and nrg_pc_205, electricity prices for household and non household consumers, bi-annual data. Selected and charted by World Power Monitor. (Eurostat reuse policy) Data as of the second half of 2024. Prices for medium sized businesses in consumption band IC (500 to 1,999 MWh a year), in euros.

Electricity Prices in Iceland: Questions

How much does electricity cost for a household in Iceland?

In the first half of 2025, households in Iceland paid 20.19 euro cents/kWh with all taxes and levies included, for a typical household using 2,500 to 4,999 kWh a year. Taxes and levies made up 20.7% of the household price in Iceland in the first half of 2025: 16.01 euro cents/kWh before taxes and levies, 4.18 euro cents/kWh on top. Eurostat has no household price for Iceland for the first half of 2026, the half year used to rank countries, so Iceland is not ranked.

How much does electricity cost for a business in Iceland?

In the second half of 2024, medium sized businesses in Iceland paid 11.98 euro cents/kWh with all taxes and levies included, for a typical medium sized business using 500 to 1,999 MWh a year. Taxes and levies made up 21.2% of the medium sized business price in Iceland in the second half of 2024: 9.44 euro cents/kWh before taxes and levies, 2.54 euro cents/kWh on top. Eurostat has no medium sized business price for Iceland for the first half of 2026, the half year used to rank countries, so Iceland is not ranked.