Access to electricity (% of population) in Iceland was reported at 100 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iceland - Access to electricity (% of population) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Iceland IS: Access to Electricity: % of Population data was reported at 100.000 % in 2016. This stayed constant from the previous number of 100.000 % for 2015. Iceland IS: Access to Electricity: % of Population data is updated yearly, averaging 100.000 % from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 100.000 % in 2016 and a record low of 100.000 % in 2016. Iceland IS: Access to Electricity: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank: Energy Production and Consumption. Access to electricity is the percentage of population with access to electricity. Electrification data are collected from industry, national surveys and international sources.; ; World Bank, Sustainable Energy for All (SE4ALL) database from the SE4ALL Global Tracking Framework led jointly by the World Bank, International Energy Agency, and the Energy Sector Management Assistance Program.; Weighted average;

Access to electricity, rural (% of rural population) in Iceland was reported at 100 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iceland - Access to electricity, rural (% of rural population) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

This horizontal bar chart displays access to electricity (% of population) by continent using the aggregation average, weighted by population in Iceland. The data is filtered where the date is 2021. The data is about countries per year.

Iceland IS: Access to Clean Fuels and Technologies for Cooking: % of Population data was reported at 100.000 % in 2016. This stayed constant from the previous number of 100.000 % for 2015. Iceland IS: Access to Clean Fuels and Technologies for Cooking: % of Population data is updated yearly, averaging 100.000 % from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 100.000 % in 2016 and a record low of 100.000 % in 2016. Iceland IS: Access to Clean Fuels and Technologies for Cooking: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank: Energy Production and Consumption. Access to clean fuels and technologies for cooking is the proportion of total population primarily using clean cooking fuels and technologies for cooking. Under WHO guidelines, kerosene is excluded from clean cooking fuels.; ; World Bank, Sustainable Energy for All (SE4ALL) database from WHO Global Household Energy database.; Weighted average;

This dataset is about countries per year in Iceland. It has 1 row and is filtered where the date is 2021. It features 4 columns: country, continent, and access to electricity.

This scatter chart displays access to electricity (% of population) against net migration (people) in Iceland. The data is about countries per year.

The Nordic countries of Iceland, Norway, Finland, and Sweden recorded the largest electricity demand per capita in Europe over the last few years. In 2023, Iceland’s per capita electricity demand averaged at almost 52 megawatt-hours per person, more than twice the consumption of runner-up Norway. Meanwhile, France, the largest electricity producer among the European Union countries, had an average per capita consumption of seven megawatt-hours in 2024. Why is electricity consumption so high in Iceland? The intense electricity consumption in Iceland stems from a combination of factors. On the one hand, due to its abundant natural resources, hydro and geothermal are the main sources of electricity generation in Iceland, allowing the country to produce power at high reliability and very low costs. Meanwhile, on the demand side, Iceland is home to some particularly energy-intensive industries – in 2023, it ranked among the largest aluminum smelter producers worldwide. To top it off, electricity demand is also high on the household sector side, due to the Nordic country’s long, dark, and cold winters. A similar combination of factors can also be found in Norway. How cheap is electricity in Iceland? In 2024, household electricity prices in Iceland averaged between 18 and 22.2 euro cents per kilowatt-hour, depending on the level of demand. In comparison to the average household electricity price in the European Union in the same period, it was around 40 percent cheaper. Iceland had one of the lowest residential electricity prices in Europe. On the other side of the spectrum, Germany, Denmark, and Belgium reported the highest prices in the region.

This scatter chart displays access to electricity (% of population) against central government debt (% of GDP) in Iceland. The data is about countries per year.

Fossil fuels remain the greatest source of electricity generation worldwide. In 2023, coal accounted for roughly **** percent of the global power mix, while natural gas followed with a ** percent share. China, India, and the United States accounted for the largest share of coal used for electricity generation. The future of renewable energy Fossil fuel use notwithstanding, the share of renewables in global electricity has seen a more pronounced year-on-year growth in recent years, following increased efforts by governments to combat global warming and a decrease in levelized costs. Projections indicate that renewables will surpass fossil fuels as the main power source by 2040. Electricity consumption in the world China is the largest electricity consumer in the world, requiring more than ***** terawatt-hours of electricity every year. However, this economic power accounts for the largest population in the world and its electricity consumption per capita is almost tenfold smaller than the consumption of Iceland, although the power used in this country came almost completely from clean sources.

This scatter chart displays access to electricity (% of population) against vulnerable employment (% of total employment) in Iceland. The data is about countries per year.

This scatter chart displays carbon dioxide emissions (CO2) (Mt of CO2 equivalent) against access to electricity (% of population) in Iceland. The data is filtered where the date is 2021. The data is about countries per year.

IS：电力接入：农村：占农村人口百分比在12-01-2016达100.000%，相较于12-01-2015的100.000%保持不变。IS：电力接入：农村：占农村人口百分比数据按年更新，12-01-1990至12-01-2016期间平均值为100.000%，共27份观测结果。该数据的历史最高值出现于12-01-2016，达100.000%，而历史最低值则出现于12-01-2016，为100.000%。CEIC提供的IS：电力接入：农村：占农村人口百分比数据处于定期更新的状态，数据来源于World Bank，数据归类于Global Database的冰岛 – 表 IS.世界银行：能源生产和消费。

IS：电力接入：占人口百分比在12-01-2016达100.000%，相较于12-01-2015的100.000%保持不变。IS：电力接入：占人口百分比数据按年更新，12-01-1990至12-01-2016期间平均值为100.000%，共27份观测结果。该数据的历史最高值出现于12-01-2016，达100.000%，而历史最低值则出现于12-01-2016，为100.000%。CEIC提供的IS：电力接入：占人口百分比数据处于定期更新的状态，数据来源于World Bank，数据归类于Global Database的冰岛 – 表 IS.世界银行：能源生产和消费。

This scatter chart displays access to electricity (% of population) against fertility rate (births per woman) in Iceland. The data is filtered where the date is 2021. The data is about countries per year.

Alterra Power (AXY) is undertaking the expansion of a geothermal power plant in Iceland.The project involves the construction of an 80MW geothermal power plant on 340ha of land. It includes the drilling of two wells, the construction of a powerhouse and a substation, the installation of transformers, turbines, and generators, and the laying of transmission lines.The project will be developed in two phases. The first and second phases include the construction of a 50MW (expansion 3) and 30MW (expansion 4) geothermal power units respectively.Verkis Consulting Engineers has been appointed as engineering design consultant.Iceland Drilling was appointed as a drilling contractor in the third quarter of 2012. The drilling of the first well commenced in November 2012 and completed in March 2013 with positive resource indications.In April 2016, Iceland Drilling signed a contract with HS Orka a subsidiary of AXY. Design activities are underway. The final production potential for the wells will not be known until the end of 2018 after further tests and research. Read More

Geothermal Energy Market Outlook

The global geothermal energy market size was valued at approximately USD 4.7 billion in 2023 and is projected to reach around USD 9.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.6%. This robust growth is driven by increasing demand for renewable and sustainable energy sources as nations worldwide aim to reduce their carbon footprints and achieve energy security. The growing concerns over climate change and the need to reduce greenhouse gas emissions have further accelerated the adoption of geothermal energy, which offers a consistent and reliable power supply.

One of the primary growth factors for the geothermal energy market is the significant advancements in technology. Innovations in drilling and exploration techniques have considerably lowered the costs and increased the efficiency of geothermal power plants. Enhanced geothermal systems (EGS), for example, utilize advanced drilling techniques to access resources at greater depths and temperatures, expanding the potential for geothermal energy in regions previously considered unfeasible. These technological advancements are making geothermal energy more economically viable and competitive with traditional fossil fuels and other renewable energy sources like wind and solar power.

Another pivotal factor contributing to the growth of the geothermal energy market is the supportive government policies and incentives. Many countries have implemented favorable regulatory frameworks and financial incentives to promote the development and utilization of geothermal energy. Subsidies, tax credits, and grants are some of the measures being adopted to encourage investment in geothermal projects. These policies not only help in reducing the initial capital costs but also provide long-term financial stability, making geothermal projects more attractive to investors and developers.

Furthermore, the growing awareness of the environmental benefits of geothermal energy is playing a crucial role in its market expansion. Unlike fossil fuel-based power generation, geothermal energy offers a clean and sustainable alternative with minimal environmental impact. It produces significantly lower levels of greenhouse gases and other pollutants, contributing to improved air quality and public health. Additionally, geothermal power plants occupy less land compared to other renewable energy sources, making them an ideal choice for regions with limited available space.

The regional outlook for the geothermal energy market is quite promising, with significant growth potential in various parts of the world. North America, particularly the United States, is a dominant player due to its substantial geothermal resources and well-established infrastructure. The Asia Pacific region is expected to witness the highest growth rate, driven by the rapid industrialization and increasing energy demands in countries like Indonesia, Philippines, and Japan. Europe is also making significant strides in geothermal energy development, particularly in countries like Turkey, Italy, and Iceland, which have abundant geothermal resources. The Middle East & Africa region holds untapped potential, with countries like Kenya and Ethiopia emerging as new markets for geothermal energy.

Technology Analysis

Binary Cycle Power Plants Analysis

Binary cycle power plants represent one of the most versatile and efficient technologies in the geothermal energy sector. These systems operate by using two different fluids: geothermal fluid and a secondary fluid with a lower boiling point. The geothermal fluid heats the secondary fluid, which then vaporizes and drives a turbine to generate electricity. One of the significant advantages of binary cycle power plants is their ability to utilize lower temperature geothermal resources, typically between 85°C and 170°C. This capability expands the geographical range where geothermal energy can be harnessed, making it feasible in regions with moderate geothermal potential.

The efficiency of binary cycle power plants has seen considerable improvements over the years due to advancements in heat exchanger technology and working fluids. Research and development efforts are focused on finding more efficient and environmentally-friendly working fluids, which can enhance the overall performance and reduce the environmental footprint of these power plants. Additionally, modern binary cycle p

This horizontal bar chart displays access to electricity (% of population) by ISO 2 country code using the aggregation average, weighted by population in Iceland. The data is about countries per year.

アイスランドの電気が利用可能な人口の割合の統計データです。最新の2023年の数値「100%」を含む1990～2023年までの推移表や他国との比較情報を無料で公開しています。csv形式でのダウンロードも可能でEXCELでも開けますので、研究や分析レポートにお役立て下さい。

IS：获取清洁燃料和烹饪技术：占人口百分比在12-01-2016达100.000%，相较于12-01-2015的100.000%保持不变。IS：获取清洁燃料和烹饪技术：占人口百分比数据按年更新，12-01-2000至12-01-2016期间平均值为100.000%，共17份观测结果。该数据的历史最高值出现于12-01-2016，达100.000%，而历史最低值则出现于12-01-2016，为100.000%。CEIC提供的IS：获取清洁燃料和烹饪技术：占人口百分比数据处于定期更新的状态，数据来源于World Bank，数据归类于Global Database的冰岛 – 表 IS.世界银行：能源生产和消费。