Iceland outdoor power bms merchants

Who produces electricity in Iceland?

There are three main electricity producers: Landsvirkjun, which is state-owned; Reykjavík Energy, owned by three municipalities; and HS Energy, owned by local municipalities and private investors, some of whom are foreign. There is a nascent wind power sector and some interest in developing solar power, especially for off-grid uses.

Should Iceland have an organized power market?

Operating an organized power market for the first time is a huge step forward for Iceland. It will bring important benefits in terms of efficiency, transparency, provision of reliable investment signals and reinforcement of security of supply.

What is Nord Pool doing with Elma energy exchange?

Nord Pool, the European power market, is pleased to announce the signing of an agreement with Elma energy exchange in Iceland to cooperate on the launch of Iceland’s first short-term physical electricity trading market. The new Elma power market will start with day-ahead trading, with intraday trading intended to follow at a later date.

How many power stations are there in Iceland?

We operate fourteen hydropower stations, three geothermal power stations and two wind turbines for research purposes in five operating areas in Iceland. In operating power stations, emphasis is placed on a holistic vision, where prudence, reliability and harmony of the operations with environment and society are the guiding principles.