Europe atlas · household electricity

Electricity prices in Iceland

first half of 2026 2,500–4,999 kWh

In the first half of 2026, households in Iceland paid €0.208/kWh on average, including all taxes and levies. The country is not an EU member, so it is not in the EU ranking.

A year earlier the price was €0.202/kWh – an increase of 2.8%.

The EU average was €0.283/kWh.

In the first half of 2015 a kilowatt-hour cost €0.120/kWh; the most expensive half-year was the second half of 2025, at €0.208/kWh.

Incl. taxes€0.208/kWhfirst half of 2026

EU rank–outside the EU

vs. a year ago+2.8%

EU average€0.283/kWh−26.7%

Trend since 2015

Average price per kWh for households using 2,500–4,999 kWh a year, incl. all taxes, by half-year.

Iceland EU average · /kWh

What the price is made of in Iceland

Annual average per kWh, split into energy and supply, network costs, taxes and levies, and VAT.

Energy & supply

Network costs

Taxes & levies

VAT

2025€0.206

EU average€0.289

2024€0.176

EU average€0.290

2023€0.159

EU average€0.292

2022€0.153

EU average€0.261

2021€0.138

EU average€0.236

2020€0.124

EU average€0.215

All half-years

/kWh

Period	Incl. taxes	Excl. VAT	Excl. taxes	PPS	EU average
first half of 2026	€0.208	€0.168	€0.164	0.1261	€0.283
second half of 2025	€0.208	€0.168	€0.165	0.1261	€0.290
first half of 2025	€0.202	€0.163	€0.160	0.1284	€0.288
second half of 2024	€0.181	€0.146	€0.144	0.1220	€0.289
first half of 2024	€0.170	€0.137	€0.135	0.1135	€0.292
second half of 2023	€0.161	€0.130	€0.127	0.1066	€0.285
first half of 2023	€0.153	€0.124	€0.121	0.1054	€0.289
second half of 2022	€0.155	€0.125	€0.122	0.0981	€0.277
first half of 2022	€0.153	€0.123	€0.121	0.0958	€0.249
second half of 2021	€0.139	€0.112	€0.110	0.0914	€0.242
first half of 2021	€0.136	€0.109	€0.107	0.0917	€0.220
second half of 2020	€0.125	€0.101	€0.099	0.0894	€0.215
first half of 2020	€0.134	€0.108	€0.106	0.0889	€0.214
second half of 2019	€0.143	€0.115	€0.113	0.0940	€0.217
first half of 2019	€0.143	€0.115	€0.113	0.0936	€0.217
second half of 2018	€0.146	€0.118	€0.115	0.0939	€0.215
first half of 2018	€0.155	€0.125	€0.122	0.0936	€0.210
second half of 2017	€0.152	€0.122	€0.120	0.0971	€0.209
first half of 2017	€0.160	€0.129	€0.126	0.0966	€0.209
second half of 2016	€0.148	€0.119	€0.117	0.0998	€0.207
first half of 2016	€0.131	€0.106	€0.104	0.0989	€0.205
second half of 2015	€0.127	€0.102	€0.100	0.0980	€0.209
first half of 2015	€0.120	€0.097	€0.095	0.0961	€0.208

All countries compared

Other countries

Official EU statistics, published twice a year. Sources and licences are listed on the data sources page. Data sources · Methodology