How does the electricity contract affect housing costs?
Housing costs are a significant part of household monthly expenses, and the electricity contract is one of the key factors that affect these costs. The choice of electricity contract and its terms can significantly affect how much money is spent on electricity every month. In this article, we look at how the electricity contract affects housing costs and what things should be taken into account when making the contract.
Types of electricity contract
There are several different types of electricity contracts, and their pricing models may vary. The most common types of electricity contracts are:
- Fixed-term contract: This contract is valid for a certain pre-agreed period, usually 1-2 years. The price is fixed throughout the contract period, which brings predictability to costs.
- Agreement valid until further notice: This agreement is valid until further notice and can usually be terminated with one month’s notice. The price may vary depending on the market situation.
- Exchange electricity contract: The price of electricity is determined by the electricity exchange and can vary hourly. This contract can be advantageous if you can schedule the use of electricity for favorable hours.
Comparison of prices
When choosing an electricity contract, it is important to compare different options. Several websites offer tools to compare offers from different electricity companies. For example Sähkönhinta.fi and Sähkovertailu.fi are good places to start the comparison.
Optimization of energy consumption
In addition to the electricity contract, housing costs are also affected by energy consumption. Here are some tips with which you can reduce electricity consumption and thus reduce housing costs:
- Switch to energy-efficient devices: Energy-efficient household appliances and lighting consume less electricity.
- Use smart solutions: Smart thermostats and sockets can help optimize electricity use.
- Monitor consumption: Many electricity companies offer services that allow you to monitor your electricity consumption in real time.
Summary
The electricity contract is a significant factor in housing costs, and you should pay attention to its selection. Different contract types and pricing models offer different advantages and disadvantages, so it is important to compare options and choose the contract that best suits your situation. In addition, optimizing energy consumption can bring significant savings. You can find more information about electricity contracts and their comparison, for example, on Energiavirasto‘s website.
