The cheapest electricity contract valid for the time being

An electricity contract valid for the time being means a contract that continues without a specified end date.

Sopimuksesta voidaan käyttää myös sanaa ”jatkuva sähkösopimus”. Toistaiseksi voimassa olevan sopimuksen ehdot ja hinta voi muuttua kesken sopimuskauden.

Where can I find the cheapest indefinite contract?

The cheapest contract valid for the time being can be found in the price comparison. The electricity contract valid for the time being will continue until the customer or the electricity supplier decides to terminate it.

MOST POPULAR CHOICE
Nordic Green Energy

NGE Ilmasto spot price contract

Monthly fixed price: 3,99€
Contract type: until further notice 
0,45snt / kWh + Spot
Fortum

Fortum Tarkka spot

Monthly fixed price: 4,90€
Contract type: until further notice
0,59snt / kWh + Spot
Väre

Väre spot price contract

Monthly fixed price: 4,95€
Contract type: until further notice
0,72snt / kWh + Spot

The contract is also known as continuous electricity contract. It is the opposite of a fixed-term electricity contract, where the duration of the contract period is clearly defined, for example, one year.

The terms of the electricity contract valid for the time being, such as the price, may vary over time. The electricity company may have the right to change the prices or terms of the contract under certain conditions. The customer, on the other hand, has the option to switch to another electricity supplier or contract if he wants to benefit from better prices or terms. This Contract Type offers flexibility as it allows you to terminate the contract at any time without additional costs or restrictions.

On the other hand, there are some disadvantages associated with electricity contracts that are valid for the time being. One significant disadvantage is the unstable price of electricity, which can vary depending on the market situation. This means that your electricity bill may be higher or lower each month, and you need to actively monitor prices. Cheap electricity in Finland is no longer a given.

What does an electricity contract valid for an indefinite period cost?

The contract that is valid for the time being is mostly spot price electricity contract, in which you only pay for the use according to the price of the stock exchange electricity, in addition to a small basic fee. Sometimes there are also fixed electricity contracts that are valid indefinitely.

Basic fee: Usually a few euros

Payment for electrical energy: Depends on the exchange price of electricity, which varies. You can adjust electricity consumption according to the price and thus save money. If, on the other hand, you manage to conclude a fixed deal, the price per consumed kilowatt hour is always the same.

The cheapest electricity contract valid for the time being

The cheapest electricity contract valid for an indefinite period is currently Fortum Tarkka. Fortum is a solvent domestic electricity company listed on the stock exchange. Another good option is Nordic Green Energy Ilmasto, if you are looking for a producer of green electricity.

Termination of the electricity contract valid for the time being

Termination of an electricity contract valid for the time being is usually quite simple. For electricity contracts valid for the time being, the general notice period is a maximum of two weeks. It is stipulated in the Consumer Protection Act.

Here is the general process for terminating an open-ended electricity contract: 

  1. Check the contract documents: Familiarize yourself with the terms of the electricity contract and check what it says about termination and the notice period. There you can get information on how and when you can terminate the contract.
  2.  Contact the electricity supplier: Contact your electricity company and inform them of your intention to terminate the contract. You can usually do this by phone, email or via an online form. Make sure you get confirmation of your termination in writing.
  3. You will receive the final electricity bill at the end of the notice period. Make sure you check the bill and pay it on time. It is important that you comply with the terms of the electricity contract when terminating the contract and allow sufficient time for termination. Generally, an open-ended contract has a two-week notice period.

2024 for a limited period or an indefinite period?

In the long run, an electricity contract valid for an indefinite period has been more affordable, and especially since the energy crisis began fixed-term contracts, electricity companies have tougher margins , so they are not always affordable. However, think about what is better for you. Do you want to commit to the same price for a longer period of time? Perhaps you want to keep the doors open and observe the situation? In that case, an electricity contract valid for an indefinite period is more suitable.

Indefinite contract for a single-family house

Will a temporary electricity contract for a single-family house work? Yes! Although single-family house residents change homes less often than apartment building residents, an indefinite contract is possible for a single-family house. If you don't want to commit for a longer period of time, an electricity contract that is valid for the time being is suitable for residents of detached houses, regardless of the type of heating.

Indefinite electricity contract for a company

Looking for business electricity and don't want to commit? Then your choice is valid for the time being. The currently valid electricity contracts for companies is offered by almost all energy companies. At the moment, we recommend Fortum's Tarka.

Indefinite electricity contract without a basic fee

At the moment, according to our information, there is no electricity contract without a basic fee valid for an indefinite period, but you can be sure we will update it on our page as soon as we find one. We get so many questions about these, even though the basic fee itself is only around a few euros. The basic fee consists of the fact that electricity producers must pay electricity transmission companies for the maintenance and upkeep of electricity networks, regardless of the price of electricity.

Indefinite electricity contract - pros and cons

Pros:
  • Flexibility: A perpetual contract gives you flexibility because it doesn't bind you to a specific period. You can terminate the contract at any time without additional costs or restrictions.
  • Ease: Making a contract is usually easy and can often be done quickly online or over the phone. You don't have to worry about signing a new contract or renewing an old contract at regular intervals.
  • Opportunity to take advantage of changes in the market: The contract valid for the time being gives you the opportunity to benefit from changes in the electricity market. If the price of electricity drops, you can easily switch to another provider or contract.
Cons:
  • Unstable price: In contracts valid for the time being, the price of electricity may vary during the contract period. This means that the price can rise unexpectedly, which can cause financial challenges. If you value complete stability, your choice is fixed-price electricity contract.
  • Lack of competition: Because open-ended contracts are generally not committed to a specific time period, bidders may have less incentive to offer attractive prices or benefits. You may miss out on some discounts or benefits that providers only offer for fixed-term contracts.
  • Risk of termination of the contract: Since the contract is not bound to a specific period, the electricity supplier may decide to terminate the contract or change the terms of the contract by giving prior notice. This may cause inconvenience to you and require you to find a new contract.

FAQ

What is the difference between a fixed-term and indefinite lectricity contract?

A fixed-term electricity contract is valid for a certain period of time, for example, a year, while indefinite electricity contract continues automatically until it is terminated.

Can the price of an indefinite electricity contract change?

Finland's Best Electricity Contracts Comparison Site - Nothing More Than That.

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