Q: How to follow spot electricity prices?

With the Oma Hehku -service , you can easily keep track of current spot electricity prices and price trends. By viewing up-to-date price information and your own electricity consumption in one place, you can plan your electricity use and schedule activities such as doing laundry or charging your electric vehicle during periods when prices are lower. This allows you to take advantage of the most affordable electricity prices and directly influence your electricity bill. Read more

Question 1

What is spot electricity?

Accepted Answer

With a spot-price electricity contract, the price of electricity varies every 15 minutes according to the Finnish market price on the Nord Pool electricity exchange.

You can easily check current spot electricity prices and price trends through the Oma Hehku -service.

The advantage of spot-price electricity is that you can benefit from lower prices by adjusting your electricity consumption accordingly. If your electricity consumption is low or you can optimise when you use electricity, a spot-price electricity contract can be a good choice.

The downside is the risk of price fluctuations: spot electricity prices can occasionally spike to high levels and vary significantly from one hour or day to the next. This makes it more difficult to plan your electricity use and predict your electricity costs.

Question 2

How is the electricity price formed in a market-priced energy contract?

Accepted Answer

The price of energy varies quarter hourly in the Nord Pool energy exchange according to the prices of the Finnish market. You can check the current and upcoming energy prices in Oma Hehku -service.

This quarter hourly price is called spot price. Usually energy companies add their margin on top of the spot price, plus a fixed monthly basic fee. So, the energy price per kWh is the spot price plus the margin. The monthly fee is fixed and your energy consumption doesn't affect it.

Question 3

How to follow spot electricity prices?

Accepted Answer

With the Oma Hehku -service, you can easily keep track of current spot electricity prices and price trends. By viewing up-to-date price information and your own electricity consumption in one place, you can plan your electricity use and schedule activities such as doing laundry or charging your electric vehicle during periods when prices are lower. This allows you to take advantage of the most affordable electricity prices and directly influence your electricity bill.

Read more

Question 4

Is spot electricity worth it?

Accepted Answer

Spot electricity can be a smart choice if your electricity use often happens during the cheaper hours of the day. It’s worth considering whether you’re comfortable following prices and for instance running your laundry during low-cost hours, or if a fixed price feels more convenient and stress-free.

With spot pricing, you can potentially save on your electricity bill, but prices can spike at times. Typically, low-consumption households find it easier to adjust usage based on price, though it’s also possible in detached homes.

If your electricity use is low or you’re able to optimize your consumption, the Hehku Spot contract is a good option.

Question 5

Is spot electricity the cheapest option?

Accepted Answer

Electricity prices on the market, the Nord Pool, fluctuate constantly. Prices are shaped by supply and demand, natural factors like water reservoir levels, and events such as maintenance of nuclear power plants, which can impact availability and pricing. Because of all this, it's not possible to say that one type of electricity contract is always the cheapest.

Spot electricity is a good fit for consumers who are willing to follow market prices and shift their usage to the cheapest hours of the day. This can lead to savings on your electricity bill.

The downside is the risk of price spikes: spot prices can rise sharply and vary significantly from hour to hour or day to day. That makes it harder to plan electricity use and predict your monthly bill.

Question 6

What quarter-hour spot pricing means?

Accepted Answer

Changes are taking place in the electricity market: from 1 October 2025 onwards, Finland – like the rest of Europe – will move to quarter-hour balancing. Nord Pool, the largest electricity exchange in the Nordics and Europe, will no longer publish only hourly average prices; instead, prices will be specified in 15-minute intervals. This means that consumers and businesses will see electricity prices in greater detail and can monitor their consumption to the nearest quarter of an hour.

In practice, once the transition phase ends in 2028, all electricity consumption will be recorded in 15-minute intervals. In Finland, some electricity users already have smart meters that support 15-minute readings.

The new quarter-hour pricing practice is not just a technical change – it is also an important part of Europe’s energy transition. The share of solar and wind power is growing steadily, and their production can vary rapidly. Quarter-hour electricity makes it possible to shift consumption more flexibly to times when electricity is available.

Not all Finnish consumers can yet benefit from quarter-hour pricing. If your meter cannot read consumption every 15 minutes, the price of your spot or demand response contract is still calculated based on hourly averages. This means you can only take advantage of quarter-hour electricity once your meter has been upgraded.

Maintaining and upgrading meters is the responsibility of your local electricity network company. Please contact your network company to ask about updating your meter.

If you notice that your meter is not quarter-hour compatible, you should contact your electricity network company. They can advise you on when your meter will be updated or how you can ensure you will get access to quarter-hour pricing.

Take advantage of low spot electricity prices and save on your electricity bill

Hehku Spot

0,29 c/kWh

Spot electricity prices are always up to date

Spot electricity prices and your consumption data – all in one place

Who is Spot Electricity for?

Looking for electricity for businesses?

At the subscription stage, choose the electricity’s origin as

Frequently asked about Hehku Spot contract

Hehku Energia – better known as Hehku – is a Finnish energy company with the aim of making energy simple and carefree for everyone.

3 reasons to choose Hehku Energia