Joint Procurement Electricity
Joint Procurement Electricity offers your business the benefits of a bulk electricity buyer – without a long commitment. Thanks to the customers' shared procurement portfolio, your business benefits from the more affordable price periods in the electricity market as the timing of the electricity procurements is diversified, which means that the price of electricity is not fixed for a specific period of time at once.
Why should you choose Joint Procurement Electricity?
- Price stability and predictability
Your business benefits from the more affordable price periods in the electricity market as electricity is procured for the procurement portfolio in a diversified manner, buying small quantities at a time. You will also gain access to a constantly updated 12-month price forecast. - Scale benefits
All of the customers of the procurement portfolio benefit from one another as the larger entity means that the timing of procuring electricity can be divided into multiple parts. This helps hedge the price of electricity in a diversified manner. - Carefree and risk-free choice
Thanks to the diversified electricity procurement model and our experienced portfolio managers, Joint Procurement Electricity is a carefree and risk-free choice where professionals handle electricity procurement on your behalf. The Joint Procurement Electricity contract also helps you avoid any long commitments.
Contract information
Joint Procurement Electricity is an electricity contract for businesses, the price of which is based on the actual monthly price of energy in the customers' shared procurement portfolio as well as the fixed fee and margin. The price of energy is hedged by various derivatives in a diversified manner on the basis of the estimated electricity consumption of the entire portfolio in smaller quantities at a time and with a time frame of 12 months, which provides price stability and predictability.
Joint Procurement Electricity is mixed electricity produced in line with the Finnish production distribution. The origin of the electricity can be easily switched to an emission-free alternative with the Renewable Energy additional service. The contract is valid until further notice with a six-month period of notice.
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Additional information
The price of Joint Procurement Electricity consists of the actual monthly price of energy, the fixed fee and the margin.
The actual monthly price of energy is a price ceiling formed on the basis of price fixes made at various points in time, to which changing electricity procurement costs, such as the actual price profile of the month in question, are added.
All of the customers of the Joint Procurement Electricity contract together form an electricity procurement entity called the procurement portfolio. The shared electricity procurement entity benefits each customer included in the procurement portfolio as the price of electricity can be hedged more efficiently, thanks to the diversified timing of electricity procurement.
Origin of electricity
The origin of Electricity is based on the production mix of electricity produced in Finland, deducted by electricity produced with energy sources with a certified guarantee of origin.
The specific carbon dioxide emissions of Basic Electricity are 554.9 g/kWh and the amount of nuclear fuel used 0.44 mg/kWh. Also see the origin and specific emissions of all sold electricity.
| Source of energy | % |
|---|---|
| Nuclear power | 14 |
| Fossil sources | 81 |
| Renewable sources | 5 |
The Joint Procurement electricity price forecast for the next 12 months
The price forecast consists of a protected share at the hedging price and the valuation of the open share at the closing prices of the day preceding the reporting date. The forecast includes the current Fingrid fee, the portfolio's estimated profile cost, and the product seller's margin. Value-added tax is not taken into account. The price forecast is an energy price forecast for the portfolio that does not include electricity transmission costs. The forecast for the next 12 months was prepared on 12.6.2024.
| Joint Procurement Electricity - L | Joint Procurement Electricity - M | Joint Procurement Electricity - S | |
| 06 | 5.26 | 5.28 | 5.36 |
| 07 | 5.25 | 5.27 | 5.35 |
| 08 | 5.37 | 5.39 | 5.47 |
| 09 | 5.63 | 5.65 | 5.73 |
| 10 | 6.71 | 6.73 | 6.81 |
| 11 | 7.07 | 7.09 | 7.17 |
| 12 | 7.88 | 7.90 | 7.98 |
| 01 | 10.16 | 10.18 | 10.26 |
| 02 | 9.45 | 9.47 | 9.55 |
| 03 | 8.59 | 8.61 | 8.69 |
| 04 | 6.24 | 6.26 | 6.34 |
| 06 | 4.81 | 4.83 | 4.91 |
| 06 | 4.23 | 4.25 | 4.33 |
Actual prices of Joint Procurement Electricity
Below is the monthly development of electricity prices from realized energy prices in c/kWh, excluding VAT. Energy prices include brokerage fees.
| Joint Procurement Electricity L | Joint Procurement Electricity M | Joint Procurement Electricity S | |
| 05 | 6.19 | 6.21 | 6.29 |
| 06 | 4.93 | 4.95 | 5.03 |
| 07 | 6.57 | 6.59 | 6.67 |
| 08 | 5.44 | 5.46 | 5.54 |
| 09 | 7.04 | 7.06 | 7.14 |
| 10 | 7.43 | 7.45 | 7.53 |
| 11 | 7.20 | 7.22 | 7.30 |
| 12 | 8.82 | 8.84 | 8.92 |
| 01 | 11.52 | 11.54 | 11.62 |
| 02 | 8.38 | 8.40 | 8.48 |
| 03 | 8.31 | 8.33 | 8.41 |
| 04 | 5.71 | 5.73 | 5.81 |
| 05 | 5.10 | 5.12 | 5.20 |