How to choose the best electricity deal for you
Electricity contracts come in a few main types. Here’s how to find the one that suits you best:
- Fixed-term, fixed-price contract: ideal if you value predictability. The price includes a fixed electricity rate (c/kWh) and a monthly base fee (€/month). Example: Hehku Kiinteä 6–24 months.
- Ongoing market-price contract: perfect for those who want flexibility and the chance to optimize based on electricity prices. Example: Hehku Spot, where the price includes the quarter-hourly spot rate (c/kWh), a margin (c/kWh), and a monthly base fee (€/month).
When comparing electricity deals, consider not only the unit price of energy but also the monthly basic fee, the contract duration and the price after any promotional period ends. For example, the basic fee can account for a larger share of the electricity bill in a household with low electricity consumption than in one that uses more electricity. It is therefore worth comparing the estimated annual cost of the electricity supply.