Reykjavik Energy is a public utility company providing electricity, geothermal water for heating, and cold water for consumption and firefighting.  The service area extends to 20 municipalities, covering 67% of the Icelandic population. Reykjavík Energy‘s principal owner is the City of Reykjavík, and it provides its services through three subsidiaries; Veitur Utilities, ON Power and Reykjavík Fibre Network

The group harnesses hot water from geothermal fields in Reykjavík and operates geothermal plants at Hellisheiði and Nesjavellir where electricity and hot water is generated. Potable water is distributed from groundwater reservoirs and the group‘s waste-water services meet wide environmental requirements.


Board and Management

The Board of Directors at Reykjavik Energy is appointed by the Reykjavík and Akranes City Councils. Reykjavík appoints five members and Akranes appoints one member. The Borgarbyggð Council appoints a special representative.

Board of Directors:

  • Brynhildur Davíðsdóttir - Chairman of the Board
  • Gylfi Magnússon - Vice Chair
  • Sigríður Rut Júlíusdóttir
  • Kjartan Magnússon
  • Áslaug Friðriksdóttir
  • Valdís Eyjólfsdóttir
  • Björn Bjarki Þorsteinsson (non-voting representative of Borgarbyggð)

Board of Directors


Organizational Chart

Mr. Bjarni Bjarnason is Orkuveita Reykjavíkur´s CEO. Mr. Bjarnason holds a B.Sc. in geology from the University of Iceland (1981) and a licentiat in mining engineering from Luleå University of Technology (1986). Before joining Orkuveita Reykjavikur, Bjarnason was CEO of Landsvirkjun Power. He has held various senior, managerial positions in his professional career, including Technical Director of the Icelandic Drilling Company LTD, Director of the Silican Plant at Mývatnssveit and CEO of Elkem Iceland. Mr. Bjarnason is Vice President of the International Hydropower Association.

Bjarni Bjarnason

Bjarni Bjarnason - CEO

Brynhildur Davíðsdóttir - COB

Contact Us


  • Baejarhals 1, 110 Reykjavik, Iceland



  • 516-6000 - Service desk (office hours)
  • 800-1010 - Service desk (no charge)
  • 516-6200 - Outages (24-hours)


We are a certified company and operate in conformity with international standards.

ISO 9001 - International Standard for Quality Management systems. Orkuveita Reykjavíkur has implemented a Quality Management system in all aspects of the Company’s operations. The Company’s Quality Management system has been certified and is audited twice a year by those responsible for carrying out the audition.

ISO 14001 – International Standard for Environmental Management Systems. In accordance with the certification all of the Company’s operations meet environmental standards. The system is audited by the certification authorities twice a year.

OHSAS 18001 – An international occupational health and safety management system specification. The system applies to all aspects of maintaining safety and health in the work environment. The system is audited twice a year.

HACCP/GÁMES – Hazard Analysis, Critical Control Points, an International Food and Safety Monitoring System. Orkuveita Reykjavíkur is the largest food producer in Iceland as the Company’s production of potable water is defined as food production. The system is certified by the Public Health Service of each municipality concerned. Orkuveita Reykjavikur was the first waterworks in the world to implement and obtain a certified HACCP system for waterworks.

ISO 27001 - Information security management system implemented for all operations within Orkuveita Reykjavikur. Assessed by BSI each year.


Reykjavik Energy´s Action Plan - adopted in spring 2011 by RE and its owners - contains various actions aimed at improving the company´s cash position by ISK 50 billion before year end 2016. As of August 2013, the Action Plan has returned ISK 32.7 billion in RE´s improved cash position, exceeding original targets by ISK 2.0 billion.