Open-Ended Electricity Contract – Maximum Flexibility and Freedom

Do you want an electricity contract that adapts to your changing needs? An open-ended contract gives you the freedom to switch contracts or terminate your agreement with just 14 days’ notice – without long-term commitments or contractual lock-ins. Several contract options are available for different needs.

What does an open-ended electricity contract mean in practice?

An open-ended electricity contract is not tied to a predetermined end date. The contract continues for as long as the customer wants it to and ends when the customer decides.

“The contract continues until the customer wants to terminate it – for example, to switch to another type of agreement or to compare electricity vendors.”

– Jakob Frants, Sales Manager, Vaasan Sähkö 

Only 14 days’ notice required

The short notice period is one of the most significant benefits of an open-ended contract. If your circumstances or preferences change, for example, if you want to try another contract type or compare electricity suppliers, you can easily end the agreement without additional costs.

Vaasan Sähkö’s open-ended contracts

Vaasan Sähkö offers several open-ended electricity contracts that differ in pricing structure and production method. The most popular are Basic Electricity, Exchange Electricity and Influencer.

Contract	Pricing	Production method
Basic Electricity	Fixed energy price + monthly fee (basic charge). Price updated four times a year.	Carbon-free nuclear power
Wind Power	Fixed energy price + monthly fee. Price updated four times a year.	100% renewable wind power
Exchange Electricity	Variable spot price + fixed margin + monthly fee.	Carbon-free nuclear power
Exchange Electricity Wind Power	Variable spot price + fixed margin + monthly fee.	100% renewable wind power
Influencer	Fixed energy price + own influence adjustment (± approx. 2 c/kWh) + monthly fee. Fixed price updated four times a year.	Carbon-free nuclear power
Monthly Plan	Fixed monthly price (includes a specified maximum amount of energy), no separate basic charge.	Carbon-free nuclear power
Micro-generation Contract	Market-based compensation for surplus electricity, less a margin.	Customer-generated solar power

How is the electricity price determined?

Pricing depends on the contract type.

With Basic Electricity and Wind Power, the price is fixed but reviewed four times a year based on market conditions. Prices may therefore increase or decrease from one quarter to the next. With Exchange Electricity, the price follows the Nord Pool spot market price and varies every 15 minutes, with a fixed margin and monthly fee added. With Influencer, the energy price is fixed, but the final price may rise or fall depending on when electricity is used.

“Spot-priced electricity can be €20 cheaper in one month or several hundred euros more expensive. That is why your personal risk tolerance plays a crucial role when choosing a contract.”

– Jakob Frants 

Who is an open-ended electricity contract best suited for?

Simplicity first – forget about electricity matters

For some customers, simplicity is the most important factor. The contract is made once and then continues automatically without renewals or negotiations. If prices change, you are informed in advance, but otherwise everything runs smoothly in the background.

“If electricity is not something you want to spend time thinking about, an open-ended contract is the easiest choice. It stays in force, prices are updated when necessary, and there is no need to worry about electricity matters.”

– Jakob Frants 

Basic Electricity and Wind Power are designed precisely for this purpose: a fixed price, no fixed commitment period and no need to follow electricity market fluctuations.

Savings for active customers with Exchange Electricity

For consumer customers, Exchange Electricity is always an open-ended contract. This means you can benefit from spot-market pricing with maximum flexibility and a short notice period.

Spot-priced electricity is particularly suitable for larger consumers, such as detached-house residents or electric vehicle owners, who can shift electricity consumption to lower-priced periods. The more electricity you use, the greater the potential savings.

“Spot-priced electricity can generate significant savings if consumption is timed correctly. But it requires either active management or automation, and a possibility to tolerate price fluctuations.”

– Jakob Frants 

Spot-priced electricity is typically at its most affordable during the night, on weekends, and when wind power generation is abundant. Prices are usually highest on weekday mornings and afternoons, when electricity demand peaks. During the summer months, solar power generation also helps reduce daytime electricity prices.

Influencer – the benefits of spot pricing with less risk

Influencer is a hybrid contract. It combines a fixed energy price with an own influence adjustment that changes according to when electricity is consumed. If consumption is concentrated during lower-priced market periods, the adjustment lowers the bill – and vice versa.

For more than 85% of customers, Influencer has proven more affordable than a comparable fixed-price contract. It is an excellent middle ground for customers who want to benefit from market price fluctuations without taking on the full risk of a spot-priced contract.

If you prefer flexibility over long commitments

For some customers, a long commitment period feels uncomfortable even when the contract terms themselves are attractive. An open-ended contract removes this barrier and lowers the threshold for trying new contract types.

“Many people are hesitant about committing to a two-year contract. An open-ended electricity contract makes it easier to try something new. If you do not like it, you can always return to your previous contract.”

– Jakob Frants 

Influencer is available in both fixed-term and open-ended versions, allowing customers to try it first without a long commitment. If they like it, they can keep it for years or switch to Fixed Influencer later.

Short-term need? Avoid long commitments

Short fixed-term contracts lasting only a few weeks or months are rarely available. If electricity is needed only temporarily, an open-ended contract provides the flexibility required.

“If you know you only need an electricity contract for a short period – perhaps a couple of months – an open-ended contract gives you exactly that flexibility. The customer decides when the agreement ends.”

– Jakob Frants 

Benefits compared with a fixed-term contract

No contractual lock-ins or costly termination fees

Ending a fixed-term electricity contract before the end of the contract period can be expensive. With an open-ended contract, there is no such risk. The notice period is only 14 days and the terms are straightforward.

Easy to compare and switch at any time

Because you are not tied to a fixed contract period, you can compare electricity offers and change contracts whenever it suits you.

Continues automatically for as long as you wish

An open-ended contract does not require renewals or renegotiations. It simply continues. Whenever you want to make a change, you can do so on your own terms.

Find the right Vaasan Sähkö contract for you

An open-ended electricity contract is ideal for customers interested in spot-priced electricity, people who want to try new contract types, as well as anyone who values simplicity and freedom. Explore Vaasan Sähkö’s contract options and find the solution that best suits your needs.