Iceland Electricity
Generation (2024)#87 World
19.06TWh−3.9% YoY
Consumption (2024)#82 World
18.49TWh−4.1% YoY
Generation Mix (2024)
Fossil Fuels (oil + gas + coal)
(nuclear + renewables) Low-Carbon
0.02%100%
Electricity Generation in Iceland
- Net electricity generation in Iceland reached 19.06 terawatt-hours in 2024 (#87 in the world), a decrease of 3.9% from 19.82 terawatt-hours in 2023. This is equivalent to 0.06% of global electricity generation.
- In 2024, fossil fuels generated 0.02% (0.0042 terawatt-hours) of electricity in Iceland and renewables 100% (19.05 terawatt-hours).
- Iceland increased its fossil fuel use for electricity generation 2024 by 0.00085% compared to 2023, with low-carbon sources (renewables) generating 100% of the total electricity.
Electricity Consumption in Iceland
- Iceland consumed 18.49 terawatt-hours of electricity in 2024 (#82 in the world), a decrease of 4.1% from 2023. This represents 0.06% of the world's total electricity consumption.
- Per capita, electricity consumption in Iceland averaged 46,988 kilowatt-hours in 2024, equivalent to 128.7 kilowatt-hours per day (#1 in the world).
Installed Electricity Capacity in Iceland
- Iceland had a total installed electricity capacity of 2.95 gigawatts in 2024 (#112 in the world), a decrease of 2.5% from the previous year.
- renewables made up 100% of Iceland's installed capacity in 2024.
- Iceland's power plants ran at an overall capacity factor of 73.8% in 2024, with hydro at 71.6%, wind at 36.3% and solar at 9.3%.
Electricity Imports & Exports in Iceland
- No electricity imports or exports is reported for Iceland.
Grid Efficiency in Iceland
- Distribution losses in Iceland were 0.57 terawatt-hours in 2024, equivalent to 3% of total generation, up from 2.8% in 2014.
Electricity Balance in Iceland
- In 2024, Iceland generated approximately 0.05 terawatt-hours per day and consumed 0.05 terawatt-hours per day. This represents a daily surplus of 0.0016 terawatt-hours.
Iceland Electricity History (1980-2024)
| Generation | Consumption | Capacity | Trade | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 19.06 | −3.9% | 87 | 0.06% | 18.49 | −4.1% | 82 | 0.06% | 46,988 | 2.95 | −2.5% | 112 | 0.03% | 0 | 0 | 0 | 0.57 |
| 2023 | 19.82 | −0.25% | 85 | 0.07% | 19.28 | −0.27% | 78 | 0.07% | 49,741 | 3.02 | +0.47% | 110 | 0.03% | 0 | 0 | 0 | 0.54 |
| 2022 | 19.87 | +2.5% | 84 | 0.07% | 19.33 | +2.7% | 78 | 0.07% | 50,820 | 3.01 | −0.0094% | 108 | 0.04% | 0 | 0 | 0 | 0.54 |
| 2021 | 19.39 | +2.6% | 83 | 0.07% | 18.83 | +2.6% | 76 | 0.07% | 50,526 | 3.01 | +0.35% | 107 | 0.04% | 0 | 0 | 0 | 0.57 |
| 2020 | 18.9 | −2.4% | 85 | 0.07% | 18.36 | −2.5% | 75 | 0.07% | 50,067 | 3 | +0.33% | 108 | 0.04% | 0 | 0 | 0 | 0.54 |
| 2019 | 19.36 | −1.7% | 83 | 0.07% | 18.83 | −1.6% | 74 | 0.08% | 52,204 | 2.99 | +0.25% | 107 | 0.04% | 0 | 0 | 0 | 0.53 |
| 2018 | 19.7 | +3.3% | 83 | 0.08% | 19.15 | +3.6% | 74 | 0.08% | 54,259 | 2.98 | +5.3% | 104 | 0.04% | 0 | 0 | 0 | 0.55 |
| 2017 | 19.07 | +5% | 82 | 0.08% | 18.48 | +4.5% | 75 | 0.08% | 53,797 | 2.83 | +1.9% | 104 | 0.04% | 0 | 0 | 0 | 0.59 |
| 2016 | 18.17 | −2.1% | 83 | 0.07% | 17.68 | −1.7% | 75 | 0.08% | 52,694 | 2.78 | +0.04% | 103 | 0.04% | 0 | 0 | 0 | 0.49 |
| 2015 | 18.56 | +4.2% | 80 | 0.08% | 17.98 | +3.9% | 73 | 0.08% | 54,334 | 2.77 | +0.27% | 102 | 0.04% | 0 | 0 | 0 | 0.58 |
| 2014 | 17.8 | −1.1% | 81 | 0.08% | 17.31 | −1.8% | 74 | 0.08% | 52,838 | 2.77 | +0.04% | 101 | 0.05% | 0 | 0 | 0 | 0.5 |
| 2013 | 18 | +4.1% | 80 | 0.08% | 17.63 | +4.9% | 75 | 0.08% | 54,421 | 2.77 | +4.1% | 100 | 0.05% | 0 | 0 | 0 | 0.37 |
| 2012 | 17.3 | +2.6% | 79 | 0.08% | 16.81 | +2.8% | 75 | 0.08% | 52,394 | 2.66 | −0.46% | 100 | 0.05% | 0 | 0 | 0 | 0.49 |
| 2011 | 16.85 | +0.63% | 78 | 0.08% | 16.35 | +1.9% | 75 | 0.08% | 51,226 | 2.67 | +3.5% | 97 | 0.05% | 0 | 0 | 0 | 0.5 |
| 2010 | 16.75 | +0.21% | 78 | 0.08% | 16.05 | −0.96% | 75 | 0.08% | 50,437 | 2.58 | +0.25% | 97 | 0.05% | 0 | 0 | 0 | 0.7 |
| 2009 | 16.71 | +2.3% | 78 | 0.08% | 16.2 | +2.8% | 72 | 0.09% | 50,855 | 2.57 | −0.12% | 94 | 0.05% | 0 | 0 | 0 | 0.51 |
| 2008 | 16.34 | +37.4% | 76 | 0.08% | 15.77 | +38.3% | 74 | 0.09% | 49,658 | 2.58 | +8.9% | 92 | 0.06% | 0 | 0 | 0 | 0.58 |
| 2007 | 11.89 | +20.7% | 88 | 0.06% | 11.4 | +20.7% | 81 | 0.06% | 36,573 | 2.36 | +37% | 94 | 0.05% | 0 | 0 | 0 | 0.5 |
| 2006 | 9.86 | +14.4% | 89 | 0.05% | 9.44 | +14.7% | 87 | 0.06% | 31,079 | 1.73 | +12.2% | 101 | 0.04% | 0 | 0 | 0 | 0.41 |
| 2005 | 8.62 | +0.75% | 92 | 0.05% | 8.24 | +0.8% | 89 | 0.05% | 27,743 | 1.54 | +2% | 106 | 0.04% | 0 | 0 | 0 | 0.38 |
| 2004 | 8.55 | +1.5% | 91 | 0.05% | 8.17 | +2.9% | 89 | 0.05% | 27,963 | 1.51 | +0.13% | 104 | 0.04% | 0 | 0 | 0 | 0.38 |
| 2003 | 8.43 | +0.99% | 90 | 0.05% | 7.94 | −0.15% | 87 | 0.05% | 27,413 | 1.51 | +0.07% | 103 | 0.04% | 0 | 0 | 0 | 0.49 |
| 2002 | 8.35 | +4.8% | 90 | 0.05% | 7.95 | +4.4% | 84 | 0.05% | 27,645 | 1.51 | +3.2% | 102 | 0.04% | 0 | 0 | 0 | 0.4 |
| 2001 | 7.97 | +4.6% | 89 | 0.05% | 7.61 | +4.2% | 86 | 0.05% | 26,711 | 1.46 | +5.6% | 101 | 0.04% | 0 | 0 | 0 | 0.35 |
| 2000 | 7.62 | +6.9% | 89 | 0.05% | 7.3 | +8.3% | 85 | 0.05% | 25,967 | 1.38 | +18.9% | 104 | 0.04% | 0 | 0 | 0 | 0.32 |
| 1999 | 7.13 | +14.5% | 89 | 0.05% | 6.74 | +16.5% | 81 | 0.05% | 24,300 | 1.16 | +5.3% | 107 | 0.04% | 0 | 0 | 0 | 0.39 |
| 1998 | 6.23 | +12.5% | 92 | 0.05% | 5.79 | +13.7% | 89 | 0.05% | 21,112 | 1.1 | +3.2% | 106 | 0.03% | 0 | 0 | 0 | 0.44 |
| 1997 | 5.53 | +9% | 96 | 0.04% | 5.09 | +10.1% | 93 | 0.04% | 18,761 | 1.07 | +3.9% | 106 | 0.03% | 0 | 0 | 0 | 0.45 |
| 1996 | 5.07 | +2.9% | 98 | 0.04% | 4.62 | +0.32% | 96 | 0.04% | 17,176 | 1.03 | +0% | 107 | 0.03% | 0 | 0 | 0 | 0.46 |
| 1995 | 4.93 | +4.2% | 96 | 0.04% | 4.61 | +2.4% | 93 | 0.04% | 17,214 | 1.03 | −0.19% | 107 | 0.03% | 0 | 0 | 0 | 0.33 |
| 1994 | 4.74 | +1.1% | 96 | 0.04% | 4.5 | +2.9% | 92 | 0.04% | 16,895 | 1.03 | +0.68% | 107 | 0.03% | 0 | 0 | 0 | 0.24 |
| 1993 | 4.68 | +4% | 94 | 0.04% | 4.37 | +5% | 92 | 0.04% | 16,565 | 1.03 | +0.2% | 106 | 0.04% | 0 | 0 | 0 | 0.31 |
| 1992 | 4.5 | +1.1% | 92 | 0.04% | 4.16 | +2.3% | 93 | 0.04% | 15,934 | 1.02 | +10.7% | 104 | 0.04% | 0 | 0 | 0 | 0.34 |
| 1991 | 4.45 | −0.36% | 71 | 0.04% | 4.07 | −0.2% | 72 | 0.04% | 15,767 | 0.92 | +2.9% | 86 | 0.03% | 0 | 0 | 0 | 0.39 |
| 1990 | 4.47 | −0.25% | 71 | 0.04% | 4.07 | −0.54% | 71 | 0.04% | 15,983 | 0.9 | −1.8% | 85 | 0.03% | 0 | 0 | 0 | 0.4 |
| 1989 | 4.48 | +1.3% | 70 | 0.04% | 4.1 | +1.7% | 70 | 0.04% | 16,195 | 0.91 | +0.44% | 83 | 0.03% | 0 | 0 | 0 | 0.38 |
| 1988 | 4.42 | +6.3% | 70 | 0.04% | 4.03 | +8.8% | 68 | 0.04% | 16,122 | 0.91 | +0.11% | 83 | 0.03% | 0 | 0 | 0 | 0.39 |
| 1987 | 4.16 | +2.3% | 72 | 0.04% | 3.7 | +0.52% | 70 | 0.04% | 15,054 | 0.91 | +0.22% | 82 | 0.04% | 0 | 0 | 0 | 0.46 |
| 1986 | 4.06 | +5.5% | 70 | 0.04% | 3.68 | +4.7% | 68 | 0.04% | 15,141 | 0.91 | +0.22% | 81 | 0.04% | 0 | 0 | 0 | 0.38 |
| 1985 | 3.85 | −1.9% | 70 | 0.04% | 3.52 | −2.2% | 66 | 0.04% | 14,573 | 0.91 | +0.11% | 81 | 0.04% | 0 | 0 | 0 | 0.33 |
| 1984 | 3.93 | +3.9% | 68 | 0.04% | 3.6 | +5.2% | 65 | 0.04% | 15,023 | 0.9 | +0.11% | 80 | 0.04% | 0 | 0 | 0 | 0.33 |
| 1983 | 3.78 | +5.4% | 67 | 0.04% | 3.42 | +5.7% | 66 | 0.04% | 14,428 | 0.9 | +0% | 77 | 0.04% | 0 | 0 | 0 | 0.36 |
| 1982 | 3.59 | +9.7% | 67 | 0.04% | 3.24 | +9.5% | 66 | 0.04% | 13,834 | 0.9 | +18.5% | 73 | 0.04% | 0 | 0 | 0 | 0.35 |
| 1981 | 3.27 | +3.8% | 70 | 0.04% | 2.95 | +3.4% | 71 | 0.04% | 12,802 | 0.76 | +12.1% | 74 | 0.04% | 0 | 0 | 0 | 0.31 |
| 1980 | 3.15 | — | 70 | 0.04% | 2.86 | — | 68 | 0.04% | 12,523 | 0.68 | — | 77 | 0.03% | 0 | 0 | 0 | 0.29 |
See also
Sources
- U.S. Energy Information Administration (EIA), International Energy Statistics.