Landsnet

Landsnet is the Icelandic Transmission System Operator (TSO) responsible for the operation and development of Iceland’s high-voltage electricity transmission grid. The company ensures the secure and reliable transmission of electricity from generation sources to distribution networks and large consumers. It performs real-time system operation, monitors network status, and coordinates the balance between supply and demand in collaboration with market participants and other grid operators.

Landsnet conducts long-term planning to maintain and strengthen the transmission backbone. It assesses capacity needs, supports the integration of new generation capacity (notably geothermal and hydroelectric plants), and evaluates plans for new interconnections and network upgrades. The organization manages connections for new power plants and major loads, overseeing substations, transmission lines, and cables.

Regulatory and market framework: Landsnet operates within Iceland’s energy regulatory environment and the wider European framework under the EEA Agreement. It cooperates with the Icelandic National Energy Authority (Orkustofnun), regulators, generation companies, and distribution system operators to ensure system security, transparent operation of the grid, and fair access for market participants.

Information and transparency: The company provides information on grid development, tariffs, and performance, and maintains interfaces for system users. It publishes annual plans and reports to support planning by regulators and market participants.

Overview: Since its establishment as part of Iceland’s move toward market liberalization, Landsnet has focused on separating transmission operation from generation and distribution. It is owned by Icelandic energy sector stakeholders and governed by a board and executive management dedicated to safety, reliability, and environmental standards.