Electricity Contracts

We list different electricity contracts by contract type. Read below which type of electricity contract is the most suitable for you.

Spot Price Electricity

The exchange electricity contract is a flexible contract where the price of electricity depends on the market situation. Exchange electricity contracts typically have a fixed monthly basic fee and an hourly price calculated according to the Nord Pool electricity exchange. This Contract Type enables you to track the price of electricity and schedule consumption for the cheapest hours.

Fixed-Price Electricity Contract

A fixed electricity contract means that the electricity price is locked for the entire contract period. Fixed-price contracts can be fixed-term or open-ended. A fixed electricity contract is especially suitable for those who want certainty about the price of electricity and do not want to follow the price fluctuations of the electricity market.

Fixed-Term Contract

A fixed-term electricity contract is usually an electricity contract valid for 1-3 years, during which the electricity price remains the same. After the end of the contract period, the contract often automatically changes to an indefinite period, which means that the price of electricity may change. The advantage of a fixed-term contract is the stability of the price, but on the other hand, electricity tendering and changing the contract in the middle of the contract period is not possible without a termination fee.

Indefinite Electricity Contract

An indefinite electricity contract is automatically renewed without a deadline and can be terminated at any time. The electricity price in this contract can be fixed or follow market prices. An indefinite contract offers flexibility and the possibility to change the electricity supplier if a better offer comes along.

Green Energy

Green electricity contracts have become more common as more and more consumers want to support renewable energy production. Green electricity contracts are usually based on electricity produced by wind, solar, or hydropower. These contracts can be fixed-term, indefinite, or spot-price contracts.

Electricity For Business

FAQ

How to sign a electricity contract?

An electricity contract is made by first selecting a suitable electricity vendor and contract type. The comparison should be done carefully, as the contract terms and prices vary between different sellers. It is usually possible to conclude an electricity contract on the electricity supplier's website or by phone.

In order to conclude a contract, you usually need a personal identification number or the company's Y-identification number and address information.

How to terminate an old electricity contract?

If you want to change electricity supplier, the new supplier will usually handle the termination of the old contract for you. However, always check with the new seller if termination is part of their services. If you want to terminate the electricity contract yourself, it is usually possible to do so on the electricity supplier's website or by phone.

Please note that termination of a fixed-term contract before the end of the contract period may result in termination fees.

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.

Teemu Pesonen

Teemu Pesonen is one of the founding members of Sähkösopimukset.com and a platform technology professional with over 10 years of experience. His goal is to build the best comparison website for electricity contracts in Finland - not more than that.