As of January 1, 2025, ON Power's tariff will rise by 8.1% due to increased cost of energy generation. Energy generation relates to purchases of energy and the energy production of ON Power's power plants.  

The price for general ON users will rise from ISK 10.55 to ISK 11.41 per kWh including VAT, and the price for general electricity use with Vildarkjör will rise from ISK 9.50 to ISK 10.27 kr. per kWh including VAT. The electricity bill for an average household will therefore rise by approximately ISK 323 per month. ON Power's tariff can be found here. 

For those who want to learn about the development and current status of the electricity market, we point to the Electricity Index of the Energy Agency, which can be accessed here. 

We encourage our customers to make better use of energy and consume less, as this is the best savings for individuals, households, and the environment. There are various ways to reduce usage, and we have some good advice that can be explored here.