raforkufyrirtækjum

Raforkufyrirtækjum refers to electricity companies in Iceland. These companies are responsible for the generation, transmission, and distribution of electricity across the country. Iceland's electricity sector is characterized by its heavy reliance on renewable energy sources, primarily geothermal and hydropower. This makes Icelandic electricity companies unique in their commitment to sustainability and low-carbon energy production.

The primary electricity producers in Iceland are Landsvirkjun, Orka náttúrunnar (ON Power), and HS Orka. Landsvirkjun is the largest of these, operating numerous hydroelectric and geothermal power plants. Orka náttúrunnar, a subsidiary of Reykjavík Energy, also utilizes geothermal and hydropower. HS Orka focuses on geothermal energy. These companies manage vast networks of power plants and infrastructure to ensure a stable and reliable electricity supply to homes and businesses.

The transmission and distribution of electricity are also managed by specialized companies, often linked to the generation companies. The grid infrastructure is extensive, connecting even remote areas of Iceland. Regulations and oversight for the electricity sector are provided by the National Energy Authority (Orkustofnun), which ensures fair competition, consumer protection, and adherence to environmental standards. The affordability and environmental friendliness of electricity are significant advantages for Icelandic consumers and industries.