← FFCheckElectricity & gasIS
Electricity & gas · Iceland
Checked 2026-09-27

🏛️ Is there a regulated or capped energy price in Iceland?

The short answer

In some countries the state or the regulator sets or caps the price households pay. In others, prices are free and you compare offers.

📜 The rules in Iceland

Regulated price

There is no regulated or capped retail electricity price. Suppliers set their own prices; compare them on Orkusetur's price comparison.

Official source: uos.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

🪜 Step by step

  1. See what appliesThe situation in Iceland is described below.
  2. Compare with offersEven where a regulated price exists, market offers can be cheaper or dearer. Compare before you decide.
  3. Watch for changesRegulated prices are usually reviewed at fixed moments. Check the official source.
  4. Ask the regulatorFor questions about how the price is set, contact the regulator.

📇 Who to contact

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

❓ Questions

Who sets the price?

See the explanation for Iceland on this page.

Can I go back to the regulated price?

That depends on national rules. Check the official source on this page.

Why is my bill higher than the cap?

A cap may apply to the unit price or a typical bill, not your total. Taxes and your use also count.

📎 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

🔄Switching supplier→📈Price increase→🧾Wrong or high bill→💸Can’t pay the bill→🏚️Supplier went bust→

More help in Iceland

All other problems: who handles whatWho do I contact?100+ things that go wrong — money, housing, work, safety, health, papers, government — and the one desk in Iceland that actually handles each: phone, site, and what to say when they pick up.Before it goes wrongCan I?What is allowed, what is not, which permit you need — with the official source.Recognise it firstIs dit veilig?Check a phone number, website or message against 47,000 scam dossiers.