EU EnergyPrices

Energy prices Iceland

Electricity, gas, fuel and wholesale prices for Iceland at a glance — official sources, compared with the EU average.

1 datasets · Eurostat, EU Oil Bulletin, ENTSO-E and national statistics · updated automatically

non-EU Not an EU member — not part of the EU average, but included in the rankings (EU, EFTA, UK).

Electricity (household)

20.76ct/kWh

H1 2026·Rank 8 of 30−17.1 %vs. EU average

Details

Energy prices in Iceland at a glance

Household electricity in Iceland costs 20.76 ct/kWh in H1 2026, which is 17.1 % below the EU average of 25.03 ct/kWh. In the ranking of 30 compared countries (EU, EFTA, UK), Iceland sits at rank 8 — rank 1 is the cheapest. Compared with the previous half-year the price has fallen by 0.2 %.

All pages about Iceland

FAQ

How much does electricity cost in Iceland?
Household electricity in Iceland costs 20.76 ct/kWh (H1 2026, all taxes included). That is 17.1 % below the EU average of 25.03 ct/kWh.
Is Iceland more expensive than the EU average?
Electricity is 17.1 % below the EU average.
Where does the data come from?
Household prices come from Eurostat (half-yearly, consumption bands DC / D2), fuel prices from the EU Weekly Oil Bulletin and national statistics offices, wholesale prices from ENTSO-E and Elexon. Non-EU countries are converted to euros at ECB reference rates. The EU average covers member states only.

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Sources: Eurostat · EU Oil Bulletin · ENTSO-E · national statistics · updated automatically