We offer four different contract types, on the basis of which the price of electric energy and the length of the contract period are determined.
In a quarterly (three-month) contract, the price of electricity is reviewed four times per year – every three months. The pricing periods are 1 January to 31 March, 1 April to 30 June, 1 July to 30 September and 1 October to 31 December. If your electricity price changes, you will receive notification of the new price 30 days before the next pricing period starts.
The contract is valid until further notice, and has a period of notice of two weeks. The quarterly contract is the right choice when you want the price you pay for electricity to follow the market price but also want to avoid the often considerable fluctuations of hourly pricing.
In a spot contract you always pay the hourly price for your electricity. The hourly energy price is Finland's area price in Nord Pool, the Nordic electricity pool, plus the seller's margin. You will also pay the fixed basic charge. The contract is open-ended and has a notice period of two weeks.
- Price cap protection for spot contracts
Spot contract price cap ensures the maximum price your pay for electricity never exceeds 8.60 c/kWh – even if the average monthly price is higher. This does not, however, prevent you from benefiting of periods of low market price.
With a 12-month fixed-term contract the price of electricity will remain unchanged throughout the contract period. You will receive an offer to continue your contract in good time before the contract period ends. You can either renew the contract or change it to an ongoing contract valid until further notice.
With a 24-month fixed-term contract the price of electricity will remain unchanged throughout the contract period. You will receive an offer to continue your contract in good time before the contract period ends. You can either renew the contract or change it to an ongoing contract valid until further notice.
- Exchange security for fixed-term contracts
By adding exchance security to your 24-month fixed-term contract you can negotiate a new 24-month fixed-term contract with us in case the price of electricity falls during your contract period. In case you decide to renew your contract under exchange security, the remaining monthly installments (if monthly payment is used) of price protection will be charged on your next invoice.
An ongoing contract is valid until further notice with a period of notice of two weeks. It balances out price fluctuations in the short and the long term. An ongoing contract is the right choice if you want an unchanging, carefree electricity contract.