Landsvirkjun sells 85% of its electricity directly to clients in energy intensive industry and 15% is sold on the wholesale market.
A new type of contract
Landsvirkjun introduced a new type of contract for the wholesale market in 2015 and have received a positive response. This type of contract is for interruptible power, pertaining to wholesale sales to industrial users.
The demand for electricity on the wholesale market increased as a result of increased market demand from commercial and domestic users.
Landsvirkjun participated in the bidding process for Landsnet’s transmission losses this year (as it has done in previous years). Landsvirkjun also continued to provide other ancillary services to Landsnet.