raforkumarkaðurinn
Raforkumarkaðurinn refers to the electricity market in Iceland. It is a complex system that governs the production, transmission, distribution, and sale of electricity. The market is primarily characterized by the dominance of renewable energy sources, with geothermal and hydroelectric power being the cornerstones of Iceland's energy generation. This reliance on natural resources has led to a unique and largely sustainable electricity sector.
The Icelandic electricity market is structured with distinct entities responsible for different stages of the supply
Consumers in Iceland can choose their electricity supplier, although the generation mix is largely determined by