Electricity Cheapest in Iceland’s Capital Skip to content

Electricity Cheapest in Iceland’s Capital

By Iceland Review

Compared to the capitals of the other Nordic countries, electricity is least expensive in Reykjavík and most expensive in Copenhagen, according to Samorka – Icelandic Energy and Utilities.

According to Samorka’s comparison, the annual electricity bill for the average Reykjavík household is ISK 45,000 (USD 303, EUR 239) but ISK 216,000 (USD 1,500, EUR 1,100) for the average Copenhagen household, Morgunbladid reports.

Helsinki is the second least expensive Nordic capital in terms of cost of electricity, where the average household pays ISK 51,000 (USD 343, EUR 271) for electricity per year.

In Finland, electricity is mostly produced with coals and nuclear energy and consumers pay additional 15 percent for using electricity from sustainable energy resources.

Iceland only uses sustainable energy resources for electricity production.

Samorka made the comparison using the currency rate of the Icelandic króna on November 14, 2008.

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