About: Electricity sector in Iceland

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The electricity sector in Iceland is 99.98% reliant on renewable energy: hydro power, geothermal energy and wind energy. Iceland's consumption of electricity per capita was seven times higher than EU 15 average in 2008. The majority of the electricity is sold to industrial users, mainly aluminium smelters and producers of ferroalloy. The aluminum industry in Iceland used 71% of produced electricity in 2011.

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  • The electricity sector in Iceland is 99.98% reliant on renewable energy: hydro power, geothermal energy and wind energy. Iceland's consumption of electricity per capita was seven times higher than EU 15 average in 2008. The majority of the electricity is sold to industrial users, mainly aluminium smelters and producers of ferroalloy. The aluminum industry in Iceland used 71% of produced electricity in 2011. Landsvirkjun is the country's largest electricity producer. The largest companies in the retail market are RARIK, Orkuveita Reykjavíkur and Hitaveita Suðurnesja. Electricity production increased significantly between 2005 and 2008 with the completion of Iceland's largest hydroelectric dam, Kárahnjúkar Hydropower Plant (690MW). Iceland's national electrical grid is owned and run by Landsnet and is composed of 3,000 km of transmission lines and 70 or so substations. (en)
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  • The electricity sector in Iceland is 99.98% reliant on renewable energy: hydro power, geothermal energy and wind energy. Iceland's consumption of electricity per capita was seven times higher than EU 15 average in 2008. The majority of the electricity is sold to industrial users, mainly aluminium smelters and producers of ferroalloy. The aluminum industry in Iceland used 71% of produced electricity in 2011. (en)
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  • Electricity sector in Iceland (en)
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