MARKET-PRICED EXCHANGE ELECTRICITY
With the Exchange Electricity contract, you always pay for electricity according to the market price. It is the product of choice for those who are able to regulate their electricity use and are happy to follow price trends.
FOR ACTIVE AND PRICE-CONSCIOUS CUSTOMERS
The price of the Exchange Electricity contract consists of the basic charge and the energy price. Your bill is formed on the basis of the hourly actual exchange price and your electricity consumption.
The electricity bill will show the actual average price for the month. There are about 720 hours in a month, and each hour will have its own price. That is why these prices are not shown separately on the bill. The average price is obtained by weighting the price for every hour of the month with the energy consumption of the hour in question.
WHAT IS IT?
- Contract: valid until further notice
- Origin: complies with the Nordic production mix
- Price: follows the electricity price trend by the hour
- Who for: for customers who want to actively follow price trends and are prepared to optimise their electricity use
PRICE DETERMINATION IN FURTHER DETAIL
The energy price of the Exchange Electricity product is determined by the price for the Finnish price area notified by the Nordic electricity exchange (Nord Pool Spot) so that value added tax and margin valid at any given time are added to the hourly price.
A Exchange Electricity electricity contract is a good choice when the market price of electricity starts to fall rapidly, for example, as the prices of emission allowances fall or when there are quick changes in the water supply situation. In such a situation, the prices of other electricity products will not necessarily react to the price fall as readily as the Exchange Electricity electricity contract.
In a reverse situation, the prices of Exchange Electricity electricity contract are the first to react upwards. This risk is worth keeping in mind.
The Exchange Electricity contract requires that electricity is metered and registered in the metering site on an hourly basis.
Hourly prices of the Nordic electricity exchange (Nord Pool)
The graph shows the Finnish area prices in the Nordic electricity exchange (Nord Pool). In the Exchange Electricity product, value added tax and margin are added to the Finnish area prices. The margin of Exchange Electricity is 0.24c/kWh and value added tax is 24%.
ORIGIN OF ELECTRICITY
The origin of electricity is based on the production mix of electricity produced in Finland, deducted by electricity produced with energy sources with a certified guarantee of origin.
MONITORING THE PRICE AND CONSUMPTION OF ELECTRICITY
Your electricity bill shows actual consumption and a summary of the actual price. In our online services you can monitor electricity use and its costs. You will also see a comparison of whether you have been able to make any savings through your own action, for example, compared with electricity with a flat rate.
We also recommend downloading Fingrid’s Tuntihinta app for your mobile phone for easy monitoring of electricity prices. You can download the app via the following links.