How does the electricity contract affect the electricity billing of building societies?

The electricity contract affects the electricity billing of building societies in many ways. First of all, the housing company’s board or property manager chooses an electricity supplier and makes a contract for electricity. The terms of the agreement directly affect the housing association’s electricity billing, such as the price of electricity and possible additional payments.

Secondly, the choice of electricity contract can also have an impact on the monitoring and management of electricity use. For example, smart electricity measurement systems can help the housing company monitor electricity consumption in real time and identify potential savings opportunities.

In addition, tendering the electricity contract can bring savings to the building society in electricity bills. By competing with electricity suppliers, the housing association can find a more affordable offer and thus reduce the residents’ electricity bills.

It is also important to note that changing the electricity contract can require time and resources from the housing company. That’s why it is recommended to do careful research before entering into a new contract and make sure that it serves the needs of the housing association in the best possible way.

Sources: Energiavirasto, Talousvesi.fi