Can I change the electricity contract in the middle of the contract period?

Satunnainen

Changing an electricity contract in the middle of the contract period is a question that worries many consumers. The answer to this question depends on several factors, such as the type of contract and the terms of the contract. In this article, we discuss when and how you can change your electricity contract in the middle of the contract period, as well as what things to consider.

Types of contracts and their effect

There are mainly two types of electricity contracts: fixed-term and open-ended. There are significant differences between these contract types that affect whether a contract can be changed mid-season.

  • Fixed-term contract: A fixed-term contract is valid for a certain pre-agreed period, for example a year or two. Terminating such a contract in the middle of the season can be difficult and can often result in contract fines. However, it is good to check the terms of the contract, because in some cases the contract can be terminated, for example, in connection with a move without additional costs.
  • Contract valid for the time being: The contract valid for the time being is more flexible and can usually be terminated with a notice period of 14 days. This makes changing the contract easier and more flexible.

Process of switching

If you decide to change your electricity contract in the middle of the contract period, it is good to follow the following steps:

  1. Check your current contract: Read the terms of your current electricity contract carefully. Pay special attention to the terms of termination and possible contractual penalties.
  2. Compare new contracts: Research the contracts offered by different electricity companies and compare their prices and terms. You can use various comparison sites for help, such as Sähkönhinta.fi.
  3. Contact the new electricity company: When you have found a suitable new electricity contract, contact the relevant electricity company and make a new contract. The new electricity company usually handles the termination of the old contract for you.
  4. Ensure the transition: Make sure the new contract comes into effect immediately after the old contract ends, so you don’t run out of electricity.

Potential costs

Changing an electricity contract in the middle of the contract period may involve costs, especially if it is a fixed-term contract. Possible costs can be:

  • Contract fines: Premature termination of a fixed-term contract may result in contractual fines, which can be significant.
  • Prices of the new contract: The prices of the new electricity contract may be higher than the old contract, so it is important to compare the prices carefully.

Summary

It is possible to change the electricity contract in the middle of the contract period, but it depends on the contract type and contract terms. Termination of a fixed-term contract can be difficult and expensive, while an open-ended contract can usually be terminated flexibly. Before changing the contract, it is important to check the terms of the current contract, compare the new contracts and make sure that the transition to the new contract goes smoothly. You can find more information about electricity contracts and how to change them, for example, on Energiavirasto‘s website.

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