Find Finland's Cheapest Indefinite Electricity Contract
In our comparison you will find the best current electricity contracts that are valid until further notice.
The cheapest electricity contract valid for the time being
The current electricity contract will continue as long as the customer or the electricity supplier decides to terminate it. This means that the contract will continue without the need to renew it after a certain period. The contract is also known as continuous electricity contract. 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 a stock exchange electricity contract, in which you only pay for usage according to the price of 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:
- 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.
- 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.
- 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.
Fixed-term or indefinite electricity contract 2023?
In the long run, an electricity contract that is valid for an indefinite period has been more affordable, and especially since the energy crisis started, electricity companies have higher margins in fixed-term contracts, 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
Currently, according to our information, there is no electricity contract valid for an indefinite period without a basic fee, but you can be sure that we will update it on our page as soon as one is found. 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
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?
Yes, the electricity companies have the right to change the price and conditions, but only on the grounds specified in the electricity contract.
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.
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