The eight teams are divided into two, four-team groups in the Preliminary Round. The groups are:
- Group A:
- Group B:
- Czech Republic
After a single round-robin series in each group, the top three teams from each group advance to the Playoff Round while the last-placed team in each group moves to the best-of-three Relegation Round series.
The top-seeded team from each group will receive Quarterfinal Round bye thus moving automatically to the Semi-Finals. The second and third placed teams from the Preliminary will play a cross-over Quarterfinal game. The winner of each Quarterfinal moves onto the Semi-Finals, while the loser will play a placement game.
The winner of each Semi-Final game will move onto the Gold Medal Game, while the losers will play in the Bronze Medal Game.
The two last-placed teams play a best-of-three Relegation Round series. The third game is only played if needed. The winner of the series plays again at the 2014 IIHF Ice Hockey U18 Women's World Championship, while the loser will be relegated to Division I.