Orkuveita Reykjavíkur (English: Reykjavík Energy) is an Icelandic energy and utility company that provides electricity, geothermal district heating, mains water, sewage and telecommunications services through its subsidiaries. The company's service area extends to 20 communities in the south-west part of Iceland. The company is owned by the City of Reykjavík (93.5%) and the Municipalities of Akranes (5.5%) and Borgarbyggð (1%).
History
Orkuveita Reykjavíkur (Reykjavik Energy) was established 1 January 1999, by uniting Rafmagnsveita Reykjavíkur (Reykjavík Electricity) and Hitaveita Reykjavíkur (Reykjavík District Heating). Rafmagnsveita Reykjavíkur was established in the year 1921. Hitaveita Reykjavíkur became an independent company in 1946, having been in operation as a public entity since 1930. In the year 2000 Vatnsveita Reykjavíkur (Reykjavík Water) was united with Orkuveita Reykjavíkur, but the former started operation 16 June 1909.
Orkuveita Reykjavíkur was obliged by law to unbundle its electricity operations by January 1, 2014. Thus came about the subsidiaries Orka náttúrunnar ohf. (ON Power) and Veitur ohf. (Veitur Utilities), thereby splitting electricity generation and distribution.