Best electricity contract in Finland - Cheap electricity
Our website makes it easy to find the cheapest electricity contracts, whether your need is exchange electricity, fixed-term or any other type of contract.
How to find the cheapest electricity contract?
The cheapest electricity contract in Finland is most easily found in price comparison. Start the comparison now and find the best option for your needs!
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Find the cheapest electricity contract
With these tips you can find the cheapest electricity price in 2024:
Cheapest electricity per contract type
🔒Cheapest fixed price contract
We recommend: Hehku kiinteä 12kk
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- Finding the cheapest fixed-price electricity contract requires comparing the fixed prices and contract terms of different companies.
- A fixed-price contract offers stability and predictability in electricity consumption.
♾️Cheapest indefinite electrcity contract
We recommend: Nordic Green Energy
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- Getting the cheapest electricity contract valid for an indefinite period requires flexibility and readiness to take advantage of market changes.
- This contract is ideal if you want to keep your options open and avoid a long-term commitment.
📉 Cheapest spot price contract
We recommend: Nordic Green Energy
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- The cheapest exchange electricity can be found by comparing the margins and basic charges offered by the companies.
- Choose exchange electricity if you are ready to benefit from and risk market price fluctuations.
🔄Cheapest hybrid contract
We recommend: Fortum Duo
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- Finding the cheapest hybrid electricity requires comparing the consumption effect and the fixed price.
- Hybrid electricity is a good choice if you want a balance between price stability and taking advantage of market prices.
⏳ Cheapest 12 months electricity
We recommend: Hehku Energia
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- Finding the cheapest 12-month electricity requires comparing prices and terms over a shorter period of time.
- A 1-year electricity contract is ideal if you are looking for a short-term commitment and price stability.
📅 Cheapest electricity 24kk
We recommend: Hehku Kiinteä 24kk
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- The cheapest electricity for 24 months can be found by comparing longer-term prices.
- The most suitable option if you want to avoid price fluctuations and commit to a longer contract.
Which electricity contracts can you choose?
Cheap electricity can be challenging to find, but in vain! Electricity contracts can be divided in several different ways, depending on what criteria are important to the consumer. The most common divisions are:
📄 According to the contract forms
Fixed term, indefinite and hybrid contracts
💶 According to price protection
💡 Depending on the purpose of use
Based on service & ecology
Renewable energy and other extra services.
Contract types
Contract types such as fixed-term, open-ended, and hybrid contracts refer to the terms and duration of the contract. Here is a simplified comparison of electricity contracts:
| Electricity contract type | Pricing | Price stability | Can you utilise market prices? |
| Fixed price contract | Fixed | 👍 | ❌ |
| Spot price contract | Spot price | 👎 | ✅ |
| Fixed-Term Contract | Often fixed | 👍 | ❌ |
| Indefinite Electricity Contract | Fixed/spot | 👎 | ✅ |
| Renewable energy contract | Fixed or dynamic | Depends on pricing model | Depends on pricing model |
The best and cheapest electricity contracts for different users
The cheapest electricity contracts vary according to the user's needs:
🏢 The cheapest electricity contract for an apartment building
Our choice: Fortum Duo
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The cheapest electricity contract for an apartment building is often flexible. A variable-price or indefinite contract can be attractive.
🏘️ The cheapest electricity contract for a terraced house
Our choice: NGE Ilmasto spot price
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🏘️ A flexible, open-ended contract is usually recommended for a terraced house, which offers flexibility and the opportunity to compete for prices regularly. electricity contract for a terraced house
🏠 Halvin sähkösopimus omakotitaloon
Our choice: Fortum Tarkka
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The best contract for a detached house offers stability and cost efficiency. A fixed price contract can also be a good choice.
🚗 The cheapest contract for an electric car owner
Our choice: Fortum Älylataus
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Several factors influence the choice of an electricity contract suitable for electric car owners, such as the price of electricity, the flexibility of the contract and the use of renewable energy.
👩🏼🎓 The cheapest electricity contract for a student
Our choice: Fortum student electricity
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Students want to find the best offers and flexibility on competitive terms.
🧑🏼💼 The cheapest electricity contract for a company
Our choice : Fortum business electricity
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In the best business electricity contract, reliable electricity supply and cost efficiency, which Fortum offers to companies, are important.
🌳 The cheapest electricity contract for a cottage
Our choice: NGE Ilmasto spot price
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For the cabin, you should consider a contract that is especially suitable for the summer season, such as pricing that varies depending on the season or a contract that is valid until further notice. This way you can optimize the costs according to the use of the cottage.
When can the electricity contract be changed to a cheaper one?
You can change the electricity contract when you have a contract valid for an indefinite period; when the fixed-term contract is coming to an end or you are moving. Bidding is recommended during the end of the contract or when moving. The electricity company may offer a new contract, but comparison is always useful in order to find the cheapest electricity price.
Termination of the old electricity contract - how?
Termination of the electricity contract usually takes place as follows:
- Contact your current electricity company, either by phone, email or online service.
- State your wish to terminate the contract and provide the necessary information, such as customer number and termination date.
- Follow the instructions provided by the utility company to complete the termination process.
- Make sure you get confirmation of the termination.
Where can I get a cheap electricity contract in 2024?
A cheap electricity contract in 2024 can be found by taking into account current market conditions and future prospects. According to price forecasts, the price of electricity may be at its highest in the first quarter of the year, but it is expected to decrease in the spring and summer.
An electricity contract tied to stock exchange electricity can be a good option if you are ready to monitor the development of the price of electricity and schedule electricity use during the cheapest times. Such contracts can offer cost savings, but as mentioned, require active monitoring. The best way to find cheap electricity contracts is to compare online.
What does your electricity bill consist of?
- The price of electricity is based on the amount of electricity you use in kilowatt hours.
- Electricity transmission is determined based on your electricity grid company and includes the costs of electricity transmission as well as network maintenance and development.
- Taxes In electricity taxation category I (which applies to households), the tax level in 2023 is 2.253 cents per kilowatt hour (kWh). In addition, value added tax of 24 percent is paid.
📝 Checklist for settling the best electricity contract
– Electricity consumption – Estimate your average electricity consumption.
– Contract types – Compare different contract types, such as fixed-price, open-ended and fixed-term contracts.
– Price – Compare prices and conditions between different providers. By comparing, you make sure that the offer you find is the cheapest electricity contract at that moment.
– Additional services – Consider possible additional services, such as the use of renewable energy.
– Reviews and recommendations – View other customers' reviews and experiences with different companies.
– Terms – Read the terms of the contract carefully, including the terms of termination and possible penalties.
FAQ
How to find cheapest electricity in Finland?
Löydät Suomen halvimman sähkön vertailun kautta. In our comparison, we divide the offer of different electricity companies from the cheapest to the most expensive, to help you easily find the cheapest electricity contract at the moment.
The operating logic of our comparison site is simple: we divide the contract offers of different electricity companies from the cheapest to the most expensive, which makes it easy and effortless for you to choose the most affordable electricity contract that best suits your life situation.
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.
What happens to the electricity contract when moving to a new place?
Muuttaessa voit siirtää nykyisen sähkösopimuksesi suoraan uuteen osoitteeseesi. Sähköyhtiö saa tiedon muutostasi kun teet muuttoilmoituksen Digi- ja väestötietoviraston kautta.
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 a contract valid for the time being is 14 days. A fixed-term contract ends when the deadline is over.
A fixed-term electricity contract can also be terminated, for example due to moving, if it is specifically stated in the contract. If these things are met, you can switch to a cheaper electricity contract today!
What time of the day is electricity the cheapest?
Keskimäärin edullinen sähkö löytyy öisin 22:00-04:00 välillä. Halpaa sähköä on näinä yön tunteina hyvä hyödyntää tilanteen mukaan esimerkiksi sähköauton lataamiseen, lämminvesivaraajan lämmitykseen ja saunomiseen.
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:
- Exchange electricity: 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 commission set by the seller and the basic fee.
- Fixed-term electricity contract: A fixed-term contract is generally 12 or 24 months long. The electricity price is fixed throughout the contract period. Due to the energy crisis, fixed-term electricity contracts are no longer available as before, as electricity sellers are uncertain about changes in market prices.
- 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.
What is the cheapest electricity subscription?
The cheapest electricity connection can be found by comparing in the comparison table at the top of the page.
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