Legal and Regulatory Framework

MBL0049825

According to Act on the National Energy Authority one of the main roles of the Authority is to gather data on energy resources and other mineral and water resources, their utilisation and the energy utilisation of Iceland, to preserve the data and to disseminate the information to the authorities and the public. In accordance with this obligation, the National Energy Authority is responsible to gather data on fossil fuels, as well as other energy utilisation sectors in Iceland.

In order to uphold its aforementioned obligations the National Energy Authority may demand documentations concerning the utilisation of mineral and water resources, energy production and energy usage, including documentation concerning import, storage and marketing of fossil fuels. Those engaged in the preceding professional enterprises are obligated to provide the Authority with all the necessary documents within a time limit specified by the Authority. Further conditions on the type of documentations, quality and the deadline for submission shall be stated in a regulation.