Price Lock
Price Lock adds security and predictability to your Exchange Electricity contract. Lock in your price one month at a time, for example, while retaining the opportunity to influence the price through the usage effect.
Combine the peace of mind of a fixed price with the flexibility of Exchange Electricity
- An easy way to lock in a price without a long-term commitment
With Price Lock, you can lock in the price of Exchange Electricity for one month at a time, for example. After the price lock period, your Exchange Electricity contract will resume automatically. - Protection against the volatile prices of Exchange Electricity
Protect yourself against spikes in the price of Exchange Electricity and secure a price level that suits you, while retaining the ability to influence your fixed energy price through the usage effect. - Easy to accept and manage via Oma Helen
You will receive Price Lock offers in Oma Helen, where you can also easily accept price lock periods and conveniently monitor the price of your electricity.
When you add Price Lock to your contract, you can lock in the price of your Exchange Electricity while retaining the opportunity to influence your energy price through the usage effect. This way, you can combine the flexibility of Exchange Electricity with the peace of mind you get from a fixed price.
The Price Lock additional service is contract-specific and valid until further notice. You can get Price Lock for the affordable price of €0.90/month! The price of the Price Lock period varies according to the offer.
Price Lock
Lock the price level of your Exchange Electricity for a period of your choice and protect yourself against the sharpest price spikes. The usage impact included in the price lock period still lets you influence your locked energy price. Read more
You can see the available price lock periods and their prices in Oma Helen, where you can create price locks according to your own needs. Lock periods are always full calendar months, starting on the first day of the month. The energy price for a price lock period consists of a fixed energy price and a usage impact:
- Fixed energy price remains unchanged throughout the entire price lock period. The largest part of the energy price during the price lock period consists of this component. You can see the fixed energy price in Oma Helen before accepting the price lock.
- Usage impact lowers or increases the energy price depending on how your electricity consumption compares to the monthly average exchange electricity price. You can influence the usage impact by timing your electricity use.
If you schedule most of your electricity consumption to the moments during the month when the exchange electricity price is higher than the monthly average, your fixed energy price will increase by the amount of the usage impact. If, on the other hand, you schedule your electricity use to the moments when the exchange electricity price is lower than the monthly average, your fixed energy price will decrease by the amount of the usage impact.
In addition, the monthly fee for the Exchange Electricity contract and the monthly fee for the Price Lock service, €0.90/month, are invoiced for the price lock period. Please note that your contract becomes fixed-term for the price lock period you have chosen from the moment of acceptance. When the price lock period ends, your contract automatically continues as an open-ended Exchange Electricity contract.
This is how Price Lock works
Creating Price Locks is easy in Oma Helen. You can find the available Price Lock periods in your contract details. If you do not yet have an Exchange Electricity contract, order one first here!
- Add Price Lock to your Exchange Electricity contract
To use Price Lock, you need to have added Price Lock as an additional service to your Exchange Electricity contract. You can add Price Lock to your contract when placing an order for a new Exchange Electricity contract, or you can add it to your existing Exchange Electricity contract, via this page. - Manage and accept Price Lock periods in Oma Helen
You can see the currently available Price Lock periods and their prices in Oma Helen. In Oma Helen, you can easily accept a Price Lock period with just a few clicks. Please note that the Price Lock period is always a full calendar month starting from the first day of the month. - Enjoy the peace of mind that Price Lock brings
When you accept a Price Lock period, the energy price for your contract will be locked in at the level you choose, and your contract will become a fixed-term contract for the duration of the Price Lock period, starting from the time you accept the offer. However, thanks to the usage impact, you can still influence your energy price by timing your electricity consumption. The usage impact decreases or increases your energy price depending on how your electricity consumption compares to the monthly average price of exchange electricity. - Accept a new Price Lock period or return to Exchange Electricity
When your Price Lock period is about to end, you can choose to accept a new Price Lock period in Oma Helen. Otherwise, your contract will continue as normal as an Exchange Electricity contract. - All done!
You can continue to use Oma Helen to easily manage Price Lock periods going forward.
Frequently asked questions about Price Lock
Price Lock is an additional service that can be added to an Exchange Electricity contract to allow you to lock in the energy price of your Exchange Electricity one month at a time. However, during the Price Lock period, you can still influence your energy price through the usage effect by timing your electricity consumption.
You can see the Price Lock offers each month in Oma Helen, where you can also conveniently accept the Price Lock period if you choose to do so. If you do not accept the Price Lock offer, your contract will continue as normal as an Exchange Electricity contract.
You can buy Price Lock as an additional service for a new or existing Exchange Electricity contract at any time.
Buying the Price Lock additional service does not lock your electricity price at a certain level. Instead, it gives you the option of locking a price through Oma Helen. Price Lock offers will be shown in Oma Helen a few weeks before the Price Lock period begins. Using the Oma Helen service is a requirement for locking in a price.
When you have added Price Lock to your Exchange Electricity contract, you will be shown Price Lock offers in Oma Helen on a monthly basis. You can accept or reject the Price Lock offer depending on your needs. Price Lock periods are always full calendar months that start from the first day of the month.
If you accept the Price Lock period in Oma Helen, your contract will become a fixed-term contract for the duration of your selected Price Lock period, starting from the time you accept the offer. At the end of the Price Lock period, your contract will automatically continue as an Exchange Electricity contract valid until further notice unless you accept a new Price Lock period.
When using the Price Lock service, the price is determined as follows:
During a Price Lock period: The price of your Exchange Electricity contract consists of the basic fee of your electricity contract, the fixed monthly fee for the Price Lock service (€/month), and the energy price for the Price Lock period (cents/kWh), which is influenced by the usage effect of your electricity consumption.
Outside Price Lock periods: The price of your Exchange Electricity contract consists of the normal pricing (basic fee, spot price for electricity and the margin) and the fixed fee for the Price Lock service (€/month).
The usage effect, which is based on your electricity consumption, affects your final energy price during a Price Lock period. For this reason, timing and optimising your electricity consumption remains important even during a Price Lock period.
The usage effect is determined by comparing the quarter-hourly prices of your electricity consumption with the monthly mean price for exchange electricity. The usage effect reduces or increases the energy price of your electricity depending on how you time your quarter-hourly electricity consumption in comparison with the monthly mean price of exchange electricity.
If you use electricity the most when the price of exchange electricity is above the monthly mean price, the usage effect will increase the energy price of your electricity. However, if you use electricity the most when the price of exchange electricity is lower than the monthly mean price, the usage effect will reduce the energy price of your electricity.
The usage effect is calculated on a monthly basis and its magnitude depends on the actual electricity consumption of the delivery site in question.
Summer is typically the cheapest time of the year for exchange electricity. For this reason, we do not recommend locking in the price during summer. Instead, you should consider it in the autumn, as electricity prices may rise when the winter season approaches. This way, you get the maximum benefit from the Price Lock option. If you are interested, you can view the historical prices of exchange electricity here.
Add Price Lock to your contract now and you will be among the first to receive a Price Lock offer in August!
You can easily find the currently available Price Lock periods in Oma Helen. You can manage your Price Lock periods both in the Oma Helen app and in the browser version.
In the Oma Helen app, tap More in the bottom navigation bar, then select Contracts and tap the contract to which Price Lock has been added. Then open the Price Lock drop-down menu, where you can view and manage your Price Lock periods.
In the browser version of Oma Helen, click Contracts, where you will first find your contract details. Under your contract, you will see Price Locks.