Find The Best Electricity Contract in Finland
Whether it's a fixed-price contract or a spot price contract, you can easily find the best electricity contract - in just a few minutes!
Free Electricity Price WatchThe Best Electricity Saving TipsFinland's Best Comparison of Electricity ContractsElectricity contract comparison - the cheapest electricity contracts in Finland
The electricity contracts we list are available all over Finland.
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The cheapest electricity price - how to find it?
Electricity contract comparison is worthwhile if you are looking for the cheapest electricity in Finland. Even if "cheap electricity" doesn't sound right in the current situation, saving money is always worth it. Here's how to find the cheapest electricity contract in 2023:
Cheapest spot price contract
The cheapest spot price electricity contract is currently offered by Fortum. Spot price contract is suitable for those who want to influence the final price of the electricity bill with their own consumption habits. The price of exchange electricity is determined in the Nord Pool electricity exchange, which means that the price is always competitive and up to date.
Fortum spot price contract
The cheapest electricity contract
At the moment, the cheapest electricity contract is Fortum Tarkka with a price of 0.45snt / kWh + Spot. By choosing the cheapest electricity contract, you can easily save up to hundreds of euros per year.
Cheapest 24 month contract
The cheapest electricity for 24 months in our comparison is currently Oomi Kiinteä 24 months for 12.99snt / kWh (VAT, 24%). A 24-month electricity contract is the most suitable for you if you can't bear to monitor the price of electricity on the exchange or adjust your consumption according to the day of the week or the time of day. By choosing the cheapest electricity for 24 months, you lock in the same monthly price for two years, and then you don't have to stress about electricity price fluctuations. The cheapest electricity for 24 months can change often, so please keep an eye on our website and compare electricity contracts if necessary.
Cheapest 12 month contract
The cheapest electricity for 12 months can be found on our website. A 1-year electricity contract is the best choice if you don't have the time or desire to monitor the price of electricity on the stock exchange or stress about price changes. You lock in the same monthly price for a year for electricity use per kwh, and the time of day has no bearing on the price of your electricity. The cheapest electricity contract for 12 months at the moment is Nordic Green Green Energy's Smartti 12 months . The cheapest electricity for 12 months can change rapidly, so please remember to compare electricity contracts on our website.
The cheapest electricity contract for a detached house
The cheapest electricity contract for a single-family house is currently Fortum's Tarkka . The price of electricity has come down from the peaks of autumn and winter, when we recommend stock exchange electricity, because the fixed-term contract prices of the electricity companies have not followed enough. Exchange electricity for a detached house gives you the opportunity to optimize your electricity consumption following the exchange price, and you are not committed for a longer period of time. The cheapest electricity for a detached house changes at regular intervals, so please compare the best offers on our website. For those looking for affordable electricity for a detached house, we also recommend looking into solar panels and air source heat pumps.
The cheapest electricity contract for a student
At the moment, the cheapest electricity contract for a student is Fortum Tarkka. Nordic Green Energy also has an excellent offer below, 6 months of electricity without monthly payments. Students should choose an electricity contract that includes a student discount. This way you ensure that you have the cheapest electricity contract in your student account and you can use your study grant, loan, or salary for other necessary things.
Nordic Green Energy Opiskelijasähkö
Fortum electricity contract
With more than 2 million customers, Fortum is Finland's largest and leading energy company, which is dedicated to promoting change towards a cleaner world. Their mission is security of energy supply and to speed up the reliable transition towards a carbon-neutral economy by offering their customers and society clean energy and sustainable solutions.
Fortum's core business is focused on the Nordic markets and covers emission-free and efficient electricity production, electricity sales, district heating and recycling and waste business.
Fortum spot price contract
Oomi electricity contract
Electricity company Oomi is one of Finland's largest electricity companies with a customer base of over 400,000 people. The people of Oomi have years of experience in the Finnish energy field, as the company was jointly founded by Vantaan Energia, Lahti Energia, Pori Energia, Oulun Seudun Sähkö and Oulun Sähkönmyynti Oy and partners. The shareholders are Oulun Energia, Tornion Energia, Haukiputaan Sähköosuuskunta, Raahen Energia, Rantakairan Sähkö and Tervolan Energia ja Vesi.
Oomi Kiinteä 24kk
Väre electricity contract
Väre Oy is a progressive energy service company and one of Finland's largest electricity sellers, serving approximately 250,000 customers nationwide. Väre is at the forefront of the transformation of the energy industry, offering innovative solutions for energy procurement.
Väre believes that managing energy consumption and sustainable energy solutions should be made easy and attractive. Their offering covers a versatile selection of flexible and customizable electrical products that meet the customers' various needs and life situations.
Helen electricity contract
The electricity company Helen OY (Helsingin Energia) is a Helsinki electricity producer and a selling energy company. You can get an electricity contract from Helen easily and reliably because they have more than 100 years of experience in the field. At Helen, you can find a high-quality selection of energy solutions and digital services, such as Oma Helen – mobile application.
FAQ
How to find the best electricity contract in Finland?
You can find the cheapest electricity contract in Finland through comparison. To choose a suitable electricity contract, you should use a service that compares contracts widely between different electricity companies.
In our comparison, we divide the offer of different electricity companies from the cheapest to the most expensive, to help you easily find the best electricity contract in Finland
What is an electricity contract?
An electricity contract is a contract for the delivery of electrical energy to the place of use ordered by the customer. The electricity contract specifies the person who ordered the contract, the place of use of electricity, the price of electricity and the validity period of the contract.
The electricity contract is between the electricity company and the customer, but in addition to that, electricity transfer and electricity taxes are also added to your final electricity bill, which are billed separately from the local grid company. The prices of these are not included in the electricity contract. There are dozens of companies selling electricity in Finland, so you can easily compare the price of electricity between different companies.
Which electricity contract is the cheapest?
Halvin sähkösopimus tällä hetkellä on Oomi Kiinteä 24kk tai Fortum Pörssisähkö, riippuen kulutustottumuksistasi.
What happens to the electricity contract when moving to a new place?
When moving, you can transfer your current electricity contract directly to your new address. The electricity company receives information about your move when you make a move notification through the DVV Agency.
Alternatively, you can also change your contract to a more suitable one directly from the electricity company's website if the size of your apartment or electricity consumption changes.
When can the electricity contract be changed to a cheaper one?
The notice period for the contract valid for the time being is 14 days. The fixed-term contract ends after the deadline has been reached.
A fixed-term electricity contract can also be terminated, for example when moving to a new apartmen and if the contract specifically states so. If these things are met, you can switch to a cheaper electricity contract today!
What is the cheapest electricity company in Finland at the moment?
The cheapest electricity company at the moment is Fortum. Security of supply can be found in the current situation from large electricity companies, although in previous years the situation might have been different. Trusted electricity companies such as Fortum and Oomi offer affordable electricity contracts - as well as a solid business.
In 2022, several electricity companies have gone wrong, offering contracts that are too cheap in the current market situation. Examples include Lumo Energia, which went bankrupt in July, and Karhu Voima, respectively, in September. You should pay attention to the choice of electricity company. If you choose a really small, cheapest electricity company contract, the company's operations are potentially uncertain when the general market situation is difficult.
How can I get a cheap electricity transmission price?
The electricity transfer price is a part of your electricity contract that you cannot tender. The electricity transmission price is always determined according to the price list of your local electricity transmission company.
What time of the day is electricity the cheapest?
On average, electricity is the cheapest between 22:00 and 04:00 a'clock. In these hours of the night, it is good to use cheap electricity, depending on the situation, for example for charging an electric car, heating the hot water heater, or going to a sauna.
What areas does electricity consumption consist of?
- Home heating method: The largest single part of electricity consumption is the heating method of the apartment. In particular, direct electric heating is often used in single-family houses and terraced houses. The normal 20,000 kWh / annual electricity consumption of an electrically heated single-family house can cost up to €2,000 – €3,000 more, if geothermal heat is used as a comparison.
- Size of the household: The more people live in the household, the higher the electricity consumption. In a family of four, more food is prepared, laundry is done more often, and so on. However, the difference in one- and two-person households is not significant.
- Home appliances: If you live in a small apartment building, most of the electricity consumption comes from household appliances. Refrigeration equipment in particular (fridge/freezer) can produce up to more than 30% of the consumption of a small economy.
- Sauna: In an electric sauna, 50% of the energy goes to preheating the sauna, and the other half when you spend the time in sauna. An average 1.5-hour sauna session consumes about 8kWh of electricity (approx. €1.6 at a price of 20 cents per kWh). A Saturday sauna can therefore easily cost up to 1.6 euros/time. In 2011, the same reading was around €1.00. If you go to the sauna several times a week, it is significantly reflected in the electricity bill.
How is the price of the electricity contract determined?
The cheapest electricity always depends on the situation, which means that we cannot always recommend the same contract to everyone. Depending on your type of residence (apartment apartment, detached house, terraced house), there are generally huge differences in electricity consumption. There are different types of electricity contracts:
- Spot price contract: The exchange-linked electricity contract is usually based on the hourly daily market price of the Nordic electricity exchange "Nord Pool". In the exchange electricity contract, the normal exchange price, the seller's commission and the basic electricity fee are paid. Of these three, the differentiating factor of the electricity companies in terms of price is the agency fee set by the seller and the basic fee.
- Määräaikainen sähkösopimus: Määräaikainen sopimus on kestoltaan yleensä 12 tai 24 kuukautta. Sähkön hinta on kiinteä koko sopimuskauden ajan. Energiakriisin takia määräaikaisia sähkösopimuksia ei saa enää entiseen tapaan sähkönmyyjien ollessa epävarmoja markkinahintojen muutoksista.
- Electricity contract without a deadline: The electricity contract can also be valid for an indefinite period. The price of electricity (cent/kWh) and the basic fee are announced in advance. Any price changes must be notified to the customer with a month's notice.
- Electricity contract for housing association: When evaluating which electricity contract is the best option for a housing association, it is good to think about what times of the day electricity consumption peaks usually occur. Most electricity buyers typically seek certainty and cost efficiency from an electricity contract. However, this requires that the company's consumption needs are mapped sufficiently comprehensively.
Can you survive without an electricity contract?
You can't live without an electricity contract, because the heating usually works with electricity and most of the food is in the refrigerator, which doesn't work without electricity. In addition, there is no power to the phone. The electricity company will probably cut off the electricity pretty quickly if you don't pay the bill. We recommend a stock exchange electricity contract. The final price of your electricity bill, which is a basic payment of a few euros, depends only on your usage. Please check our electricity saving tips in the articles section.
What is electricity?
Electricity is a physical phenomenon that enables electronic devices to function. Electricity is produced in power plants and transmitted using power grids. An electricity contract is an agreement between an electricity supplier and a consumer, in which electricity prices and terms are agreed upon.
Contract types
Which is the best electricity contract depends on your needs. For example, the size of the apartment or the purpose of using the electricity significantly affect the choice of the right type of contract. Electricity companies offer many types of contract models, and the consumer always has the freedom to choose what suits his needs best.
Fixed electricity contract has traditionally been the choice for the majority of Finns. In a fixed-term contract, you can lock in a fixed electricity price for the entire contract period, and you don't have to worry about competing for the electricity contract during the entire contract period.
The spot price electricity contract is the most suitable for you if you are looking for the absolute best electricity contract in Finland. However, the requirement in this case is to actively monitor the electricity market and change your consumption habits according to when the price of electricity is at its lowest.
Hybrid electricity contract offers consumers protection from electricity price fluctuations, but also the opportunity to benefit from a cheaper electricity price by changing consumption habits.
Examples of electricity contracts: apartment building, terraced house, detached house & summer cottage.
The cheapest electricity contract is especially important in a single-family house with electric heating - but it's stupid to pay too much in other forms of living as well.
Electricity contract for apartment building unit or duplex
In small apartments, such as one-room and two-room apartments, the price of the electricity bill is on average 40 - 50 euros per month. Annual savings or losses can amount to tens, or sometimes even hundreds of euros - if the electricity contract is not the cheapest.
Most of the electricity consumption comes from household appliances, such as the fridge-freezer. Washing clothes also consumes electricity. If laundry is free in the housing association, it should be preferred in the current energy crisis.
Electricity contract for a terraced house
In a townhouse apartment, you must remember to consider the type of heating. In many housing associations, electricity is used as a form of heating, which accounts for most of the consumption.
If the terraced apartment (double room) has district or geothermal heating, the annual consumption is around 3000 kWh. Electric heating increases consumption significantly. However, a cheap electricity contract is such that the price of the electricity bill does not rise too high during the winter.
It is also worth considering sauna. The electric stove alone can add 600 to 1000 kWh of consumption each year.
Electricity contract for a detached house
Especially in a single-family house, you should always make sure that you have the cheapest electricity contract at the time. In an electrically heated detached house, the annual consumption can easily rise to 20,000 – 30,000 kWh.
If compared to a detached house with district heating, the electricity consumption can be only 8000 kWh. If you think about the most expensive form of heating, it's proven to be oil heating.
In a single-family house, the cheapest electricity contract is often temporary. It also matters whether the home has an air heat pump - it significantly lowers heating costs. Cheap electricity is impossible in the current situation, but with an affordable contract you can save hundreds of euros annually.
Electricity contract for a cottage or cabin
What kind of electricity contract for a cottage should you take? It depends on how much time you spend at the cabin. For example, if you are there for a couple of months of the year in the summer, we recommend exchange electricity, i.e. an electricity contract valid for an indefinite period. In addition to the basic monthly fee of a few euros, you only pay for use and electricity transmission. With a fixed-term electricity contract, you have a fixed monthly price, which doesn't make sense if you're not at the cottage for most of the year. The cheapest electricity contract for a cottage can be found by comparing. There are no electricity contracts specifically aimed at cottages or other holiday homes, but you can conclude and choose the same electricity contract as for your home.
If you spend more time at the cottage, and you have an older, less energy-efficient cottage, your electricity bill can be hefty. We therefore recommend that you find out how to install solar panels. They can lower your electricity bill considerably. You can get more information about them from, for example, Oomi, Väree or Fortum.