Landsvirkjun sells electricity to heavy industry and to suppliers that resell on the open market. Among our customers are Icelandic power companies and power-intensive industry. Contracts with customers in heavy industry are usually long-term agreements, concluded after a lengthy series of negotiations.
On the open market, Landsvirkjun offers several types of contracts to buyers who sell electricity to end-users. The agreements most frequently concluded by Landsvirkjun on the open market are wholesale contracts, with terms varying in length from one year to as long as twelve years. They are based on fixed unit prices that apply for the entire term of the contract, regarding both energy and power. Unit prices for long-term wholesale agreements are indexed for inflation.
In addition to wholesale contracts, Landsvirkjun can offer electricity to buyers through base-load contracts and agreements with terms shorter than one year, even as short as one hour. The price of electricity to the buyer depends to a large extent on the combination of agreements negotiated with Landsvirkjun.
The company also offers secondary energy to customers who meet the terms of sale for purchasing such a product. The conditions can be found on our website under Terms.
For purposes of comparison, the website also shows the current tariff for wholesale contracts with Landsvirkjun.
Landsvirkjun‘s Department of Marketing and Sales can provide any additional information regarding electricity sales on the open market; please phone 515 9252.