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Electricity Act (No. 65 of 2003).

Country/Territory
Iceland
Document type
Legislation
Date
2003
Source
FAO, FAOLEX
Subject
Energy, Land & soil
Keyword
Basic legislation Energy conservation/energy production Renewable energy Consumer protection Internal trade Authorization/permit Concession Transport/storage Expropriation
Geographical area
Arctic, Atlantic Ocean Islands, Europe, Europe and Central Asia, North Atlantic, North-East Atlantic, Northern Europe
Abstract

The objective of the present Act is to promote a nationally efficient electricity system and thereby enhance the economy and settlements in the country. To that end, the Act aims to: 1. Create the conditions for competition in the generation and trading of electricity, with the necessary limitations as deemed necessary for the security of electricity supply and other public interests; 2. Promote efficiency and effectiveness in the transmission and distribution of electricity; 3. Ensure the security of the electricity system and the interests of consumers; 4. Promote the utilization of renewable energy sources and take environmental considerations into account otherwise. The Act establishes the requirement of obtaining a license to build and operate power plants.

Full text
Icelandic
Website
www.althingi.is