Household electricity price in Iceland
The latest official average available for households in Iceland was 0.202 EUR/kWh in January–June 2025. It covers homes using 2,500-4,999 kWh a year and includes energy, network charges, taxes and levies. That is 11% below the unweighted country median for the same period; the median is an unweighted comparison of countries, not the EU average.
Reference period: January–June 2025 · Source: Eurostat electricity price statistics · Source snapshot refreshed: August 29, 2026 · Last checked: August 29, 2026. This is an official half-year benchmark, not a live supplier tariff.
Iceland has no value in the newest second half of 2025 comparison, so this page keeps its latest available official period, first half of 2025, and the full published history. The URL does not change when a country is temporarily absent from a new release.
Example bill arithmetic
What this benchmark means at three annual usage levels
These examples simply multiply 0.202 EUR/kWh by annual consumption. They use the published national benchmark in euro and are not supplier quotes.
Actual bills can differ because tariffs may have standing charges, time bands, discounts, regulated components and local-currency effects that do not scale as one flat rate.
Nearby in the ranking
How Iceland compares
Rank 1 is the cheapest. These three countries have the closest average household price to Iceland.
Daily timing
Prices also change by hour
Eurostat updates this comparable household benchmark twice a year; supplier tariffs can change more often. The daily curve shows wholesale or dynamic-price timing, not this national household average.
A current public intraday series is not available for this country.
Household price history
Iceland electricity prices over time
Eurostat publishes this all-in household benchmark every six months. It includes energy, network charges, taxes and levies for homes using 2,500-4,999 kWh a year.
PeriodHousehold priceChangePurchasing power
Periodfirst half of 2025Household price€0.202/kWhChange+11.3%Purchasing power0.128 PPS/kWh
Periodsecond half of 2024Household price€0.181/kWhChange+6.6%Purchasing power0.122 PPS/kWh
Periodfirst half of 2024Household price€0.170/kWhChange+5.5%Purchasing power0.114 PPS/kWh
Periodsecond half of 2023Household price€0.161/kWhChange+5.4%Purchasing power0.107 PPS/kWh
Periodfirst half of 2023Household price€0.153/kWhChange-1.1%Purchasing power0.105 PPS/kWh
Periodsecond half of 2022Household price€0.155/kWhChange+1.2%Purchasing power0.098 PPS/kWh
Periodfirst half of 2022Household price€0.153/kWhChange+10.3%Purchasing power0.096 PPS/kWh
Periodsecond half of 2021Household price€0.139/kWhChange+2.4%Purchasing power0.091 PPS/kWh
Periodfirst half of 2021Household price€0.136/kWhChange+8.6%Purchasing power0.092 PPS/kWh
Periodsecond half of 2020Household price€0.125/kWhChange-6.9%Purchasing power0.089 PPS/kWh
Show 17 earlier half-year releases
Periodfirst half of 2020Household price€0.134/kWhChange-6.3%Purchasing power0.089 PPS/kWh
Periodsecond half of 2019Household price€0.143/kWhChange+0.1%Purchasing power0.094 PPS/kWh
Periodfirst half of 2019Household price€0.143/kWhChange-1.9%Purchasing power0.094 PPS/kWh
Periodsecond half of 2018Household price€0.146/kWhChange-5.7%Purchasing power0.094 PPS/kWh
Periodfirst half of 2018Household price€0.155/kWhChange+1.8%Purchasing power0.094 PPS/kWh
Periodsecond half of 2017Household price€0.152/kWhChange-5.0%Purchasing power0.097 PPS/kWh
Periodfirst half of 2017Household price€0.160/kWhChange+8.1%Purchasing power0.097 PPS/kWh
Periodsecond half of 2016Household price€0.148/kWhChange+12.7%Purchasing power0.100 PPS/kWh
Periodfirst half of 2016Household price€0.131/kWhChange+3.7%Purchasing power0.099 PPS/kWh
Periodsecond half of 2015Household price€0.127/kWhChange+5.7%Purchasing power0.098 PPS/kWh
Periodfirst half of 2015Household price€0.120/kWhChange+3.4%Purchasing power0.096 PPS/kWh
Periodsecond half of 2014Household price€0.116/kWhChange+2.2%Purchasing power0.096 PPS/kWh
Periodfirst half of 2014Household price€0.113/kWhChange+5.7%Purchasing power0.095 PPS/kWh
Periodsecond half of 2013Household price€0.107/kWhChange+1.8%Purchasing power0.095 PPS/kWh
Periodfirst half of 2013Household price€0.105/kWhChange-9.5%Purchasing power0.094 PPS/kWh
Periodsecond half of 2012Household price€0.116/kWhChange+4.9%Purchasing power0.103 PPS/kWh
Periodfirst half of 2012Household price€0.111/kWhChangeNo changePurchasing power0.101 PPS/kWh
This is a country average for one consumption band, not a tariff quote for a specific home. Download the full history as CSV.
10 kWp solar outlook
Tomorrow's standard solar forecast
A like-for-like estimate for a 10 kWp, south-facing system at 35 degrees with 14% system losses. It is a city-level weather estimate, not a forecast for a specific roof.
Akureyri51.0 kWh41.7-58.3 kWh likely range- Best window
- 13:00-17:00
- Forecast
- medium confidence
Keflavík20.0 kWh12.8-27.0 kWh likely range- Best window
- 09:00-13:00
- Forecast
- medium confidence
Reykjavík20.2 kWh13.0-26.8 kWh likely range- Best window
- 16:00-20:00
- Forecast
- medium confidence
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Forecast for Sunday, Aug 30. Weather: Open-Meteo. PV estimate: GridPassport public PV forecast model.
From price level to household decisions
What this electricity price means for flexible homes
The published country average describes the overall price level in Iceland. It does not reveal the cheapest hour, a home's exact tariff or the value of a particular device. Those decisions need the daily curve and the home's own equipment, limits and priorities.
Solar PV
At this benchmark, 1,000 kWh of grid imports represents about €202. That is context, not a solar-savings forecast: export credit, self-consumption and the actual tariff still decide the result.
Run a roof-level solar forecastHome battery
A national average cannot prove that charging low and discharging high will pay. The usable spread must cover round-trip losses, cycle wear and tariff rules while preserving the reserve the household needs.
Read the battery-arbitrage guideEV charging
An EV is a large load that can often move in time. The useful comparison is the car's required energy across the available charging window—not an assumption that every off-peak or dynamic tariff is automatically cheaper.
Coordinate solar, battery and EV chargingHeat pump
Heating can sometimes shift part of its demand toward solar or lower-priced hours, but comfort, weather, efficiency and manufacturer-supported controls come before chasing the lowest interval.
Read the heat-pump guideNext step: open the daily price curve before making a timing decision. This benchmark is not a quote, tariff recommendation or promise of savings.
Tomorrow, without checking
Turn the price curve into one useful daily email.
Choose a country, see its cheapest and peak window, then receive the next published day-ahead brief by email.
Source and method
Eurostat electricity price statistics nrg_pc_204, first half of 2025, household consumption band 2,500-4,999 kWh a year. The price includes energy, network charges, taxes and levies.
PPS means purchasing power standard. It adjusts for each country's general price level and does not measure household income.
Source: Eurostat, Electricity prices for household consumers (nrg_pc_204), processed by GridPassport.