Iceland is a relatively small and isolated region with abundant access to cheap natural energy resources. While demand for these resources has been low historically, numerous power intensive consumers increasingly see Iceland as an attractive location for their facilities. But what will this imply for Icelandic households in terms of security of supply and energy bills, and whether Iceland has the best framework in place for obtaining value from its natural resources.
Against this background, Copenhagen Economics has assessed current energy market regulation in Iceland, and how this matches the new developments. We find that there are in fact a number of key challenges which should be addressed, and suggest potential options for reform.
Yesterday, Helge Sigurd Næss-Schmidt and Martin Bo Westh Hansen presented the study in Iceland to a public meeting hosted by Landsvirkjun, with more than 300 participants. It was also live streamed.
For further information, please contact Martin Bo Westh Hansen