How do I choose the best electricity contract?

When choosing the best electricity contract, it is important to consider several factors so that you can make the best possible decision. In this article, we go through the most important things that you should consider when choosing an electricity contract.

1. Electricity price

The price of electricity is one of the most important factors when choosing an electricity contract. The price usually consists of a basic fee and an energy fee. The basic fee is a fixed monthly fee, while the energy fee is based on the electricity consumed. It is important to compare the prices of different providers and take into account both the basic fee and the energy fee.

2. Origin of electricity

Many consumers want to know where the electricity they use comes from. Electricity can be produced in different ways, such as renewable energy sources (e.g. wind and solar power) or fossil fuels (e.g. coal and natural gas). If environmental friendliness is important to you, you should choose an electricity contract that offers renewable energy.

3. Contract type

There are different types of electricity contracts, and they can be mainly divided into three types:

  • 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.
  • 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: In this contract, the price of electricity follows the prices of the electricity exchange and can vary hourly. This contract can be advantageous if you are able to schedule your electricity consumption during favorable hours.

4. Consumption habits

It is important to evaluate your own electricity consumption habits before choosing a contract. If you use a lot of electricity, a fixed price contract may be cheaper. If, on the other hand, your consumption is low, a stock exchange electricity contract can be a good option.

5. Customer service and additional services

Good customer service is an important part of the electricity contract. Check what kind of customer service the electricity company offers and whether they have, for example, 24/7 customer service. In addition, some electricity companies offer additional services, such as energy saving tips or the possibility to monitor your own electricity consumption in real time.

6. Comparison services

It is recommended to use comparison services that help you find the best electricity contract. With the help of these services, you can easily compare the prices and conditions of different providers. Examples of comparison services are Sähkönhinta.fi and Sähkvertailu.fi.

In summary, choosing the best electricity contract requires careful consideration and comparison of various factors. Take into account the price of electricity, origin, type of contract, your own consumption habits, customer service and use comparison services to find the most suitable option for you.