How can I sign an electricity contract?

Satunnainen

Concluding an electricity contract is an important part of the everyday smoothness of a home or company. In this article, we go through how you can make an electricity contract in Finland. The process is usually quite simple, but it’s good to know a few key things before signing the contract.

1. Find out your current electricity contract

Before signing a new electricity contract, it is important to find out if you already have an existing contract. If you are moving, check whether your current contract can be transferred to a new address. If not, you should terminate the old contract and make a new one.

2. Compare different electricity companies

There are several electricity companies in Finland that offer different contracts and pricing models. You can compare the offers of different companies, for example based on the following:

  • Price per kilowatt hour (kWh)
  • Basic fees
  • Duration of the contract
  • Proportion of renewable energy

You can use comparison websites such as Sähkönhinta.fi or Sähkvertailu.fi, to find the best offer.

3. Select the contract type

There are different electricity contracts, and you should choose the one that suits you best. The most common types of contracts are:

  1. Fixed-term contract: This contract is valid for a certain period of time, usually 1-2 years. The price is fixed throughout the contract period.
  2. Agreement valid until further notice: This agreement is valid until further notice and can usually be terminated with a notice period of two weeks. The price may vary depending on the market situation.
  3. Exchange electricity contract: The price varies hourly according to the electricity exchange prices. This contract can be advantageous if you are able to schedule your use of electricity for favorable hours.

4. Make a contract

Once you have chosen a suitable electricity company and contract type, you can make a contract either online, by phone or at the electricity company’s office. You need the following information:

  • Personal information (name, address, social security number)
  • Information about the place of use of electricity (address, possible place of use ID)
  • Start date (when you want the contract to start)

5. Confirm the agreement

Once you have made the contract, you will usually receive a confirmation by e-mail or post. Check that all information is correct and that the contract meets your expectations. If you notice any errors, contact the electricity company immediately.

6. Track your electricity consumption

After concluding the contract, it is good to monitor your electricity consumption. Most electricity companies offer online services where you can monitor your consumption and bills. This will help you manage your energy use and possibly save on costs.

You can find more information about electricity contracts and energy saving tips, for example, on Energiavirasto‘s website.

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