Iceland vs. Norway

H1 2025 · incl. all taxes · Consumption band: 1,000–2,500 kWh/year

IS · Iceland

24.45ct/kWh

NO · Norway

32.38ct/kWh

Iceland is 24.5% cheaper than Norway — EU avg: 23.71 ct/kWh

Price History

Period	Iceland	Norway	Δ
H1 2025	24.45 ct/kWh	32.38 ct/kWh	-7.93 ct
H2 2024	22.21 ct/kWh	31.43 ct/kWh	-9.22 ct
H1 2024	20.66 ct/kWh	31.13 ct/kWh	-10.47 ct
H2 2023	19.66 ct/kWh	29.26 ct/kWh	-9.60 ct
H1 2023	18.49 ct/kWh	28.30 ct/kWh	-9.81 ct
H2 2022	18.70 ct/kWh	33.76 ct/kWh	-15.06 ct
H1 2022	18.32 ct/kWh	28.75 ct/kWh	-10.43 ct
H2 2021	16.73 ct/kWh	31.05 ct/kWh	-14.32 ct
H1 2021	16.28 ct/kWh	27.21 ct/kWh	-10.93 ct
H2 2020	14.99 ct/kWh	21.44 ct/kWh	-6.45 ct
H1 2020	16.07 ct/kWh	21.72 ct/kWh	-5.65 ct
H2 2019	17.14 ct/kWh	26.20 ct/kWh	-9.06 ct
H1 2019	17.10 ct/kWh	27.55 ct/kWh	-10.45 ct
H2 2018	17.61 ct/kWh	27.73 ct/kWh	-10.12 ct
H1 2018	18.67 ct/kWh	26.15 ct/kWh	-7.48 ct
H2 2017	18.55 ct/kWh	24.12 ct/kWh	-5.57 ct
H1 2017	19.57 ct/kWh	24.81 ct/kWh	-5.24 ct
H2 2016	18.26 ct/kWh	24.56 ct/kWh	-6.30 ct
H1 2016	16.25 ct/kWh	23.14 ct/kWh	-6.89 ct
H2 2015	15.75 ct/kWh	22.50 ct/kWh	-6.75 ct
H1 2015	14.93 ct/kWh	24.90 ct/kWh	-9.97 ct
H2 2014	14.50 ct/kWh	25.37 ct/kWh	-10.87 ct
H1 2014	14.13 ct/kWh	25.45 ct/kWh	-11.32 ct
H2 2013	13.47 ct/kWh	27.01 ct/kWh	-13.54 ct
H1 2013	13.22 ct/kWh	28.93 ct/kWh	-15.71 ct
H2 2012	15.54 ct/kWh	27.71 ct/kWh	-12.17 ct
H1 2012	14.86 ct/kWh	28.50 ct/kWh	-13.64 ct
H2 2011	—	28.29 ct/kWh	—
H1 2011	—	30.74 ct/kWh	—
H2 2010	—	28.29 ct/kWh	—
H1 2010	—	29.47 ct/kWh	—
H2 2009	—	23.70 ct/kWh	—
H1 2009	—	23.37 ct/kWh	—
H2 2008	—	24.74 ct/kWh	—
H1 2008	—	24.66 ct/kWh	—
H2 2007	—	22.72 ct/kWh	—

Source: Eurostat (nrg_pc_204)