Key Market Indicators
Iceland's electricity generation is projected to climb from 20.4 terawatt-hours in 2023 to approximately 21.1 terawatt-hours by 2028, marking an average annual growth rate of 0.5%. Since 1990, Iceland’s electricity supply has consistently increased by an average of 0.6% each year. In the international rankings for 2023, Iceland held the 67th position, just behind Slovakia, which posted similar figures of 20.4 terawatt-hours. Globally, the United States, India, and Russia secured the second, third, and fourth positions in electricity generation, respectively.
