Home > Salary > Iceland > Power Systems Engineer
A power systems engineer is responsible for designing, developing, and maintaining electrical power systems. They analyze power distribution networks, generators, transformers, and other equipment to ensure efficient and reliable operation. Power systems engineers also evaluate energy consumption patterns and recommend strategies for optimizing power usage. They collaborate with other engineers and technicians to troubleshoot and resolve issues related to power systems. Additionally, they may be involved in the implementation of renewable energy sources and the integration of smart grid technologies.
Estimated Yearly Salary: 16,204,728 ISK
Estimated Monthly Salary: 1,350,394 ISK
Estimated Weekly Salary: 311,629 ISK per week
Estimated Hourly Salary: 7,791 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,302,599 ISK
Estimated Weekly Salary: 300,600 ISK per week
Estimated Hourly Salary: 7,515 ISK per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 112,738 USD
Estimated Monthly Salary: 9,395 USD
Estimated Weekly Salary: 2,168 USD per week
Estimated Hourly Salary: 54 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 16,204,728 ISK
Estimated Monthly Salary: 1,350,394 ISK
Estimated Weekly Salary: 311,629 ISK per week
Estimated Hourly Salary: 7,791 ISK per hour
By working as Power Systems Engineer a person can save up to 6,666 USD per month or 79,992 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Power Systems Engineer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Vice president (vp), information technology (it) (21,272,616 ISK per year, pre-tax.)
Packaging lead (6,061,330 ISK per year, pre-tax.)
High-voltage engineer (7,517,843 ISK per year, pre-tax.)
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Power Systems Engineer salary in Iceland
Average Yearly Salary of Power Systems Engineer in Iceland is approximately 16,204,728 ISK (112,738 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Power Systems Engineer do?
A power systems engineer is responsible for designing, developing, and maintaining electrical power systems. They analyze power distribution networks, generators, transformers, and other equipment to ensure efficient and reliable operation. Power systems engineers also evaluate energy consumption patterns and recommend strategies for optimizing power usage. They collaborate with other engineers and technicians to troubleshoot and resolve issues related to power systems. Additionally, they may be involved in the implementation of renewable energy sources and the integration of smart grid technologies.
Skills: Power Systems Engineer, Electrical Engineering, Energy Distribution, Renewable Energy, Smart Grid, Power Optimization
Job industry: Energy
Job industry: Energy
How much does Power Systems Engineer make?
Salary details
How much does Power Systems Engineer make?Estimated Yearly Salary: 16,204,728 ISK
Estimated Monthly Salary: 1,350,394 ISK
Estimated Weekly Salary: 311,629 ISK per week
Estimated Hourly Salary: 7,791 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 15,631,187 ISKEstimated Monthly Salary: 1,302,599 ISK
Estimated Weekly Salary: 300,600 ISK per week
Estimated Hourly Salary: 7,515 ISK per hour
Last revision of data: 2024-01-06Power Systems Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 112,738 USD
Estimated Monthly Salary: 9,395 USD
Estimated Weekly Salary: 2,168 USD per week
Estimated Hourly Salary: 54 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Power Systems Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Power Systems Engineer in Iceland earns on average:
1.81 times the average salary (or 181% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Power Systems Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Power Systems Engineer in Iceland earns on average:
1.81 times the average salary (or 181% of average salary).
Is Power Systems Engineer a well paid job?
Yes, our data shows that Power Systems Engineer is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Power Systems Engineer?
High salary for Power Systems Engineer would be somewhere between 17,825,201 ISK and 23,496,856 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Power Systems Engineer in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 16,204,728 ISK
Estimated Monthly Salary: 1,350,394 ISK
Estimated Weekly Salary: 311,629 ISK per week
Estimated Hourly Salary: 7,791 ISK per hour
By working as Power Systems Engineer a person can save up to 6,666 USD per month or 79,992 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Power Systems Engineer
Norway is 158,192 USD
United Kingdom is 74,406 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Vice president (vp), information technology (it) (21,272,616 ISK per year, pre-tax.)
Packaging lead (6,061,330 ISK per year, pre-tax.)
High-voltage engineer (7,517,843 ISK per year, pre-tax.)
Business development manager (14,142,557 ISK per year, pre-tax.)
Sap apo analyst (9,647,747 ISK per year, pre-tax.)
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