Smart Fixed-term Savings Electricity

A fixed-term and fixed-price contract that allows you to manage your home's major sources of electricity consumption, such as heating and EV charging, with one contract. At the same time, you will automatically achieve savings with the help of the smart control included in the contract, without any hassle and without affecting your living comfort.

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No-hassle savings

Smart Fixed-term Savings Electricity is an electricity contract that combines smart control and two fixed energy prices that remain the same throughout the contract period, giving you noticeable savings in electricity costs. The smart control included in the contract controls your heating, your EV charger or both so that they consume electricity during the hours when the price is lower.

Smart Fixed-term Savings Electricity is suitable for:

  • homes and holiday homes throughout Finland, provided that they are equipped with an internet-connected heat pump (ground source heat pump, air-to-water heat pump, air source heat pump, or exhaust air heat pump).
  • homes and holiday homes located in Elenia’s electricity network area, with load control enabled by a new electricity meter, which makes it possible to control the water heater, electric heating or EV charging.

Information about the contract

  • A fixed-term contract for 6, 12 or 24 months, with smart control
  • You can opt for Renewable or Carbon-free energy origin, in which case electricity corresponding to your consumption is certified, with guarantees of origin, as having been produced from renewable energy sources or nuclear power
  • The price consists of a fixed fee and two fixed energy prices (cheaper price from 13:00 to 16:00 and from 23:00 to 7:00, normal price from 7:00 to 13:00 and from 16:00 to 23:00)
  • No equipment purchases necessary – all you need is an internet-connected heat pump or an electricity meter in Elenia’s network area. You can switch within 90 days if your heat pump or electricity meter is not compatible with the service
  • Money-saving benefits on top of the contract, including electricity accident insurance cover for your entire family and a 20% discount on home insurance from Fennia
  • Prices include VAT 25.5%

Contract terms

Select contract length

Energy 7 am -1 pm and 4 pm - 23 pm 9.99 c/kWh, Energy from 1 p.m. to 4 p.m. and 11 p.m to 7 a.m 8.99 c/kWh, Basic fee 5.99 €/mo
Energy 7 am -1 pm and 4 pm - 23 pm 11.47 c/kWh, Energy 1 pm - 4 pm and 11 pm - 7 am 10.47 c/kWh, Basic fee 5.99 €/mo
Energy 7 am -1 pm and 4 pm - 23 pm 14.09 c/kWh, Energy 1 pm - 4 pm and 11 pm - 7 am 13.09 c/kWh, Basic fee 5.99 €/mo
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Why choose Smart Fixed-term Savings Electricity?

  • A smart, no-hassle solution
    No equipment investments, no need to control your equipment or monitor electricity prices yourself. All you need is an internet-connected device or an electricity meter in Elenia’s network area
  • The smart solution controls things on your behalf
    Smart control automatically takes advantage of the cheaper hours under the contract. In addition, Smart Control of Heat Pumps optimises your heating appliance’s electricity consumption, creating additional savings.
  • Predictable and risk-free
    100% fixed pricing with no impact on living comfort – with a 90-day switch option.

Example of savings

Estimated savings with Smart Control of Heat Pumps: €157 per year

Smart Control of Heat Pumps optimises heating, reducing your heating-related electricity consumption by as much as 10%. In addition, smart control shifts an estimated 90% of your heating consumption to the lower-priced hours under your contract. In this calculation, a house heated with a heat pump has a total annual electricity consumption of 10,000 kWh, of which the heat pump accounts for 6,000 kWh.

Estimated savings with electricity meter control: €135 per year

Electricity meter control shifts all of your heating to the lower-priced hours under your contract. In this calculation, a house with electrical heating has a total annual electricity consumption of 15,000 kWh, of which heating accounts for 9,000 kWh.

See detailed calculation

Pricing

Smart Fixed-term Savings Electricity is a fixed-price contract for a period of 12 or 24 months. It includes Smart Control of Heat Pumps and electricity meter control in Elenia’s network area.

The contract features two fixed prices that will remain unchanged throughout the contract period. The price changes depending on the time of day. The smart control included in the contract shifts electricity consumption to the lower-priced hours under the contract.

  • The lower price 1 applies from 13:00 to 16:00 and from 23:00 to 7:00.
  • The normal price 2 applies from 7:00 to 13:00 and from 16:00 to 23:00.
  • The contract also includes a monthly fixed fee.

This is how Smart Fixed-term Savings Electricity works

Place an order for the contract
You can place an order for Smart Fixed-term Savings Electricity conveniently online. On the order form, indicate whether you want to use Smart Control of Heat Pumps, smart control based on Elenia’s electricity meter, or both.

Start using smart control
After we receive your order, we will send you clear instructions on how to start using smart control. You can also find the instructions here. When you have activated it, smart control starts to control your electricity consumption.

Säästä ja seuraa
Älyohjaus siirtää kulutuksen automaattisesti halvemmille tunneille. Lisäksi lämpöpumpun älyohjaus optimoi laitteen sähkönkulutusta. Säästät ilman omaa vaivannäköä ja näet hyödyt Oma Helen -palvelusta.

Smart Fixed-term Savings Electricity

For internet-connected heat pumps

The contract suits places of use equipped with an internet-connected ground source heat pump, air-to-water heat pump, air source heat pump or exhaust air heat pump. The contract is especially well suited to places of use where the heat pump is the primary method of heating. Check the compatibility of your heat pump brand. 

See instructions on how to start using Smart Control of Heat Pumps

For electricity meters in Elenia’s network area

The contract suits places of use which, in the Elenia network area, utilise heating or EV charging control via the electricity meter. Elenia enables load control free of charge through the Elenia Aina service. In the service, you can optimise load control by entering the lower-priced hours of the smart savings contract.

See instructions on how to start using smart control via your electricity meter

Lisätietoa sopimukseen liittyen

Refer to the list below to check the compatibility of your heat pump. Smart Control of Heat Pumps is compatible with most internet-connected heat pumps.

Compatible heat pump manufacturers

  • Alpha Innotec (MyUplink app)
  • CTA (MyUplink app)
  • CTC Heat Pumps (MyUplink app)
  • Daikin (Onecta app)
  • Hoiax (MyUplink app)
  • Iglu (IGLU Home Next app)
  • JÄMÄ (MyUplink app)
  • Jäspi (MyUplink app)
  • KNV (MyUplink app)
  • Mitsubishi (MELCloud app)
  • Nibe (MyUplink app)
  • Novelan (MyUplink app)
  • Roth (MyUplink app)
  • Thermia (Thermia Online app)
  • Toshiba (Toshiba Home AC Control app)
  • Viessmann (ViCare app)

Unable to connect your pump to your home Wi-Fi?

No problem! You can establish an internet connection with a separate component provided by our partner Lämpöykkönen. Read more here

Follow the instructions below to get started with Smart Control of Heat Pumps in a matter of minutes! You can also find the instructions in the order confirmation for your contract in your email.
 

  1. Check the compatibility of your heat pump
    Smart Control of Heat Pumps is compatible with most internet-connected heat pumps. You can find a list of compatible appliances above.
  2. Download your heat pump manufacturer’s mobile app
    Download your heat pump brand's mobile app from the App Store or Google Play. Create a user account if necessary. Note your user credentials, as you will need them later to connect your heat pump with Kapacity's smart control service. If you are already using your heat pump brand's mobile app, you can proceed to step 4.
  3. Connect your heat pump with the manufacturer’s mobile app
    Follow the instructions provided by the app to connect your heat pump with the app.
  4. Log in to Kapacity Cloud using the link provided in your order confirmation
    You can find your link to Kapacity Cloud in the order confirmation you have received by email for the Smart Control of Heat Pumps additional service. Kapacity Cloud is browser-based.

    The service will guide you step by step:

    1. Connect your heat pump with the Kapacity.io service
    In the service, select "Add devices" and choose your heat pump manufacturer from the list. Enter your user credentials for your heat pump manufacturer's mobile app. Then select "Add to Kapacity.io Cloud", and your heat pump will be connected with the smart control service.

    2. Enter your home's details in the service
    Check and, if necessary, fill in the required information about your home in the Kapacity.io service: name, floor area, country, address and electricity contract type. Select “Create building” to save the information.

    3. Choose the correct electricity contract type
    “Variable price tariff” = Välkky Electricity or Exchange Electricity contract
    “Fixed price tariff” = Fixed price electricity contract
    “Smart Savings Contract" = Smart savings contract for heat pumps

    For the Smart Savings Contract, specify the electricity prices (1 and 2) of your Smart Savings Contract. You can find the price information in the contract confirmation for your Smart Savings Contract. Price 1 applies from 7:00 to 13:00 and from 16:00 to 23:00. Price 2 applies from 23:00 to 7:00 and 13:00 to 16:00.

    4. Read and accept the terms and conditions in the Kapacity.io Cloud service.
  5. You’re all set!
    You don't need to do anything else. From now on, the smart solution will control your appliance on your behalf.

    The service will collect data about your heat pump for the first hour (1 h) and then start to optimise the heating. You can monitor the functioning of the smart heating in the Kapacity.io service and the effects of smart control on your electricity consumption in the Oma Helen service.

To start using smart control via your electricity meter, follow these steps in the Elenia Aina service:

  1. Log in to Elenia Aina with your username and password.
  2. After logging in, select "Kuormanohjaus" (Load control) in the menu on the left of your screen.
  3. Enter your choices under "Rele 2". Select "Aika" (Time) as the basis for relay control and then select the hours during which the relay will be enabled. For the Smart Fixed-term Savings Electricity contract, select the hours 0–6, 13–15 and 23. If you have both relays in use, make the selections for both relays.

  4. Select "Tallenna" (Save). You're all set! Smart Control will now handle timing on your behalf.

Keep in mind that you can easily achieve additional savings by also shifting your other electricity consumption to the lower-priced hours of the day. Examples include charging your electric car, doing your laundry and running the dishwasher!

Estimated savings with electricity meter control: €135 per year

If the place of electricity use has Elenia’s load control enabled, which means that heating is controlled via the electricity meter, the estimated savings achieved with the Smart Fixed-term Savings Electricity contract amount to €135 per year.

The example has been calculated as follows: the annual electricity consumption of the house is 15,000 kWh, of which heating accounts for 9,000 kWh. The difference between the two energy prices under the contract is 1.5 cents per kWh. Electricity meter control shifts all heating to the lower-priced hours under the contract. The savings have been calculated using the formula 1.5 cents/kWh x 9,000 kWh = €135 per year 

Estimated savings with Smart Control of Heat Pumps: €157 per year

In the example calculation, the main heat source of the home is a heat pump. The total electricity consumption of the home is 10,000 kWh, of which heating, i.e. the heat pump, accounts for 6,000 kWh. Estimated savings with Smart Control of Heat Pumps: €157 per year.

Smart Control of Heat Pumps optimises heating, reducing your heating-related electricity consumption by as much as 10% when the place of use is equipped with a ground source heat pump or air-to-water heat pump. You will also save money on your electricity distribution costs and electricity taxes. If the total price of electricity paid by the customer (electricity + distribution + taxes) is 14 cents per kWh, for example, the optimisation will yield annual savings of 6,000 kWh x 10% x €0.14/kWh = €84 per year.

In addition, smart control shifts an estimated 90% of heating-related electricity consumption to the lower-priced hours under the contract. When optimisation has reduced heating-related electricity consumption by 10%, consumption amounts to 5,400 kWh (6,000 kWh x 90%). In this case, the effect of shifting consumption to the lower-priced hours (1.5 cents per kWh) is 5,400 kWh x 90% x €0.015/kWh = €73 per year.

When Smart Control of Heat Pumps is used, an estimated 10% of savings is achieved through the optimisation of smart control, as smart control reduces excessive heating by taking into account the impact of the weather conditions on the indoor temperature of the home, as well as the building's ability to retain heat and the residents' living habits. With air source heat pumps, the heating-related electricity savings seen on the electricity bill are smaller because air source heat pumps have lower electricity consumption.

Frequently asked questions about Smart Fixed-term Savings Electricity