Electricity prices in Iceland
Iceland has no wholesale electricity spot market, so there is no day-ahead price to publish — not today, and not in our history.
Why there is no day-ahead price
A day-ahead price exists where generators and suppliers bid into a single daily auction. Without that auction there is no hourly wholesale reference to publish — electricity is still generated, bought and paid for, but through long-term contracts or a regulated tariff rather than an hourly market price.
About this market
Iceland runs an isolated grid powered almost entirely by hydro and geothermal, with no interconnection and no wholesale spot market. No day-ahead price exists to publish.
See the zones that do have a market
Method and source
- Source: ENTSO-E Transparency Platform.
- Market: day-ahead auction. Zone: IS. Timezone: Atlantic/Reykjavik.
- This is a wholesale price. Network charges, levies, taxes and supplier margin are not included, and a household tariff is typically several times higher.