Reykjavik Energy was
established by uniting the Municipal Electric Authority and the Geothermal
Heating Authority on January 1st 1999. The Municipal Water Works were incorporated at the end of the year
2000, making the company the largest of its kind in the country.
Further information on the operation and the history of each of
those three pillars of the company can be found down below.
The Reykjavik Energy belongs to the municipality of the capital.
Its council is the company’s executive board, and the managing
director carries out its policies.
Its distribution system of
electricity covers the capital and the towns Kopavogur, Gardabaer,
Seltjarnarnes and Mosfellsbaer. Hot
water is distributed to the capital, the towns Kopavogur and Gardabaer,
and Mosfellsbaer purchases hot water on a wholesale basis.
Fresh water is distributed in the capital, but the towns Kopavogur,
Seltjarnarnes and Mosfellsbaer purchase it on a wholesale basis.
All above mentioned services of the Reykjavik
Energy are based on the cleanest, most nature friendly and
sustainable means possible anywhere in the world and great care is taken
not to overexploit the resources. Energy
exploitation in Iceland on the whole compares to none elsewhere regarding