Landsvirkjun is committed to offering competitive electricity contracts, based on the European electricity market, by offering long-term agreements, favourable prices and an unparalleled security of supply.
Landsvirkjun has offered 12 year power contracts, with a headline rate of 43 USD/MWh, since 2011.
The offer of long term, fixed prices gives Landsvirkjun a competitive edge and is important to its clients. Other international contracts are generally shorter and prices fluctuate according to prevailing circumstances in electricity markets. Energy intensive industries find these conditions difficult as they need to ensure stability in their operations.
Iceland’s power infrastructure is ranked among the world’s best. The World Economic Forum recently ranked the delivery security of electricity in Iceland as the third most reliable in the world.*
The Icelandic TSO, Landsnet, owns and operates the Icelandic transmission system. The Landsnet grid receives electricity directly from power stations and transmits it to distributors and power intensive industries.
Iceland's power infrastructure ranks among the world’s best.
Quality of electricity supply (interruption and voltage ﬂuctuations).
(1 = worse than in most other countries, 7 = meets the highest standards in the world).