Exchange electricity is an excellent choice for active electricity users. By taking advantage of the fluctuations in electricity prices and using electricity during the cheapest hours, you can save good money on your electricity bill. We offer Exchange electricity under a non-fixed-term contract, which means you can cancel your contract with a two-week notice.
How is the price for Exchange electricity calculated?
Under an Exchange electricity contract, the price of electricity is always made up of three parts: a fixed monthly payment, an hourly spot price and a commission fee. This makes the pricing especially transparent.
The area price for Exchange electricity in Finland is determined by Nord Pool’s electricity exchange. The spot prices for each day are announced the day before, allowing you to plan your electricity use in advance. You can view the hourly prices on Nord Pool’s website, but be aware that they do not include VAT or the commission charged by the electricity supplier.
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Is Exchange electricity the right choice for me?
Exchange electricity is especially suitable for situations in which you are able to regulate your use of electricity well and you are motivated to follow the developments in spot prices. Many choose Exchange electricity because they value the fact that it is priced in accordance with the current market prices. The prices may vary greatly by the hour, but in the long term, Exchange electricity is often a very affordable option.
Track the spot prices
If you choose Exchange electricity, it is a good idea to look up the most current spot prices regularly. This way, you can plan your electricity use in advance. By reducing electricity use during the most expensive hours and pushing it to more affordable ones, you can save a pretty penny. Generally, Exchange electricity is cheapest at night and on weekends, when the demand is at its lowest.
Fingrid’s Hourly Price application, which can be found in the Play Store or Apple App Store under its Finnish name Tuntihinta, is a handy tool for monitoring price trends. The app offers customisable alerts that give you a heads-up if the price of electricity exceeds a certain limit or if electricity is particularly affordable.
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Frequently asked questions about Exchange electricity
The charges for an Exchange electricity contract will be calculated and invoiced after use, in accordance with the actual consumption of electricity and spot prices. A separate price is determined for each hour of the month. Despite this, you will only see the average spot price for the month on your bill. This average price is weighted in accordance with your electricity consumption.
However, in our app you can also afterwards check the price you have paid for every hour.
The Exchange electricity offered by Vaasan Sähkö is mixed, which means it contains electricity from a wide variety of sources.
If the spot prices for certain hours are below zero, you will only be charged the commission price.
Yes, you can! Exchange electricity is available for all metering types for the same price. NB! When ordering, select “Basic electricity” as the metering type.
Your local power grid company will bill you for electricity transmission in accordance with the metering type specified for your address regardless of this.