Switch to a cheaper electricity contract
Changing electricity supplier is free, and your power will not be cut off. The new supplier handles the switch for you. The most important thing is to compare the annual price, not just the price per kilowatt hour.
You will need
- Your latest electricity bill or login details for your network company
- Online banking credentials
- About 20 minutes
Steps
Find out your annual consumption
Check your consumption in kilowatt hours (kWh) for the last 12 months on your latest electricity bill or on your network company's customer pages.
Check your current contract
Is your contract open-ended or fixed-term? It is best to switch a fixed-term contract only when it ends, because early termination can cost money.
Compare offers
Use the Energy Authority's impartial comparison service sahkonhinta.fi. Enter your annual consumption, and the service calculates the annual price of each contract.
Calculate the annual price yourself
Annual price = consumption × energy price + 12 × basic fee. For example, 2,000 kWh × €0.08 + 12 × €4 = €208 a year.
Sign the contract on the new supplier's website
The new supplier terminates your old open-ended contract on your behalf. The switch usually takes about two weeks, and your network company stays the same.
Save the confirmation
Keep the email confirmation. A contract made online usually has a 14-day right of withdrawal.
Check your first bill
When the first bill from the new supplier arrives, check that the energy price and basic fee match the contract. Also check that you receive a final bill from your old supplier.
Tips
- Add a reminder to your calendar a month before your fixed-term contract ends.
- Exchange-priced (spot) electricity can be the cheapest if you can shift your consumption to cheap hours.
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