Iceland is the only country in Western Europe that still has large resources of competitively priced hydroelectric- and geothermal energy. Although electricity consumption per capita in Iceland is one of the highest in the world, only a fraction of the country's energy potential has been utilized.
Competitively priced electricity has attracted foreign investors to Iceland in industries such as aluminium and ferrosilicon production. Export-orientated power-intensive industries now consume more than half of the country's electricity production.
Icelanders are world leaders in the use of geothermal energy for domestic and industrial purposes. Some 86% of the population enjoy district heating by geothermal energy at a price usually less than half of the comparable cost of oil or electric heating. This is one of the factors that make Iceland one of the cleanest environments in Europe.
Both hydro and geothermal power are sustainable and supremely environment-friendly resources which are free from the atmospheric emissions of fossil fuels and the potential hazards of radioactive power sources.
National Energy Authority - www.os.is