Iceland Iceland - Household electricity prices

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ELECTRICITY PRICES - Iceland June of 2022

The price of electricity grows in Iceland

The average price of electricity in Iceland, in June of 2022, has been 0.153€ per kilowatt hour. Electricity price has increased € 0.0143 kWh, 10.31% since the last semester. Meanwhile, the average price of electricity without taxes in Iceland in that period was € 0.1205 per kilowatt hour, compared to € 0.1095 kWh in the previous semester. The price of electricity excluding taxes increased by 10.05%.

In the last twelve months the price of electricity in Iceland has increased by 12.62%.

From 2012 until now, the highest price of electricity in Iceland has been € 0.1598 kWh, in June of 2017, while in June of 2013, electricity price was € 0.1053 kWh, its minimum price in this period.

Finally, if we compare the price of electricity with taxes and without taxes, we see that, in the last period, households paid € 0.0325 of taxes for each kilowatt hour, which means that 21.25% of what households pay for the electricity are taxes.

You can see the ranking of electricity price in Europe and see all the information about Iceland in economy of Iceland.


Iceland - Household electricity prices
DateElec prices excl. tax €/kWhElec prices €/kWh
June 20220.12050.1530
December 20210.10950.1387
June 20210.10700.1355
December 20200.09880.1248
June 20200.10610.1341
December 20190.11320.1431
June 20190.11310.1429
December 20180.11520.1457
June 20180.12220.1545
December 20170.12000.1518
June 20170.12630.1598
December 20160.11660.1478
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Iceland - Household electricity prices
Iceland - Household electricity prices