This law amends Iceland's regulations on the protection and energy utilization plan and electricity laws. Key changes include requiring authorities to consider energy procurement policy when categorizing power project proposals and mandating that protected areas be defined with mapping and coordinates. Other authorities are now permitted to begin preparatory work for issuing permits for power projects before the protection and energy utilization plan is finalized. The law affects the planning of energy production and nature conservation in Iceland and applies to energy companies, municipalities, and others involved in power development projects.