Reykjavik meets all of its electricity and heating needs from hydroelectric and geothermal sources. For heating, geothermal energy provides almost all of Reykjavik's needs. Most of the hydropower plants are owned by Landsvirkjun (the National Power Company) which is the main supplier of electricity in Iceland. Iceland is the world's. The Icelandic Energy Authority was closed on December 31, 2024. List of available applications The Energy Fund is a competitive fund, and the main evaluation criteria are how much oil (or other fossil fuel) is displaced from usage for a given grant amount - the so-called "price per liter". Children & Youth All about schools, recreation and other services for children and teenagers. Construction & Planning Are you building or renovating? Want to know more about planning? Welfare & Support A range of services and support for all kinds of people of all ages. Environment & Transportation. The European Investment Bank (EIB) has signed a €100 million loan agreement with Orkuveitan, Reykjavík's main provider of energy and utility services, to finance major investments in sustainable energy and utility infrastructure in the Reykjavík metropolitan area.