How do I switch electricity or gas supplier in Iceland?

The short answer

Your supply does not stop when you switch: the cables, pipes and meter stay the same. Only the company that sends the bill changes.

📜 The rules in Iceland

Switching supplier

Contact the supplier you want; it handles the switch for you. By law no fee may be charged for switching. You can end a contract with three weeks' notice, taking effect at the next month-end.

Official source: reglugerd.is · Checked 2026-09-27

The market

You can buy electricity from any supplier, wherever you live. Distribution is a local monopoly, so you cannot choose your distribution company. There is no household gas grid; many homes are heated by geothermal district heating (hitaveita), a separate utility.

Official source: uos.is · Checked 2026-09-27

Cooling-off period

For contracts made by phone, online or away from the seller's premises, you have 14 days to withdraw without giving a reason.

Official source: neytendastofa.is · Checked 2026-09-27

🪜 Step by step

Get your details readyTake your latest bill: meter point number, yearly use, and the end date and notice period of your contract.
Compare offersUse the price comparison below and look at the total yearly cost, not only the price per kWh. Check how long the price is fixed.
Sign with the new supplierIn most countries the new supplier arranges the switch, including notice to the old one. Keep the confirmation.
Check the final billRead your meter on the switch date and compare it with the old supplier’s final bill. Any credit must be paid back.

📇 Who to contact

Verðsamanburður raforku (Orkusetur) officialCompare electricity and gas offersBefore you switch, or when your price goes up🔗 orkusetur.is/raforka/raforkuverd

Raforkueftirlitið (Umhverfis- og orkustofnun)Supervises energy companies and explains your rightsFor information, and to report a company that breaks the rules📞 +354 569 6000 🔗 uos.is/raforkueftirlitid

NeytendasamtökinIndependent advice for consumersFor advice, template letters and a second opinion🔗 ns.is

❓ Questions

Will I be without power when I switch?

No. The physical supply continues; only the contract changes.

Can my old supplier charge an exit fee?

That depends on your contract and on the rules in Iceland shown on this page. Fees usually only apply to fixed-term, fixed-price contracts.

Can I cancel a new contract?

Contracts made at the door, by phone or online usually have a cooling-off period. The rules for Iceland are on this page.

📎 Sources

Checked: 2026-09-27

🧭 Is this still correct?

We check this information carefully, but phone numbers, websites and rules change — and sometimes we get something wrong. Spotted a mistake or a change? Let us know below.

🔗 Also useful

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🔄 How do I switch electricity or gas supplier in Iceland?