Does Iceland produce electricity?

Iceland produces 100 percent of its electricity from renewable energy sources, primarily hydro and geothermal. It has no nuclear, coal, or gas infrastructure. Iceland is nowadays an isolated system with a transmission network disconnected from the rest of the world, which impedes any participation in electricity trade.

Should Iceland be proactive in ensuring electricity security of supply?

The Icelandic national government and regulators should be proactive in ensuring that their citizens and the companies functioning in Iceland have acceptable levels of electricity security of supply.

Does interconnector increase energy security in the Icelandic system?

The interconnector increases energy security in the Icelandic system, as it functions as backup in instances of scarcity and necessitates an expansion of the local generation capacity.

What would happen if Iceland had a non-served energy supply?

If Iceland experienced a non-served energy supply, existing secondary energy would be equal to around 147GWh (0.9% of industrial demand), and non-served energy would be approximately 30GWh. This would not only include buyback energy. Iceland would experience severe curtailments, around 50GWh, one out of eighteen years.

Does Iceland need a long-term energy policy?

Iceland needs long-term energy policies for maintaining and enhancing energy security, specifically for electricity supply. Some options include expanding clean energy capacity. (The passage also mentions other options for energy security and economic growth, but the focus is on electricity supply in response to the question.)

What is the uncertainty duration of Iceland's electricity supply?

The uncertainty duration is below 3000 hours, which leads to a foreseeable stable cable utilization. On a weekly basis, Icelandic imports of energy from the UK in the worst hydrological conditions would occur at the beginning of summer. (Note: The passage does not explicitly state the uncertainty duration for Iceland's electricity supply in hours beyond 'below 3000 hours', so the passage remains unchanged to avoid adding new information.)