Exchange Electricity – always at market price
Exchange Electricity is an electricity contract in which the price of electricity varies by the hour according to the market price of the power exchange. This way the price of Exchange Electricity is always competitively tendered and up-to-date.
About the contract
The prices of Exchange Electricity are usually lowest in the evenings, at night and at weekends, and therefore your own consumption habits can have a direct impact on the price you pay for electricity. The hourly prices for the next day are known by 3pm on the previous day, which means that you can plan your electricity consumption for the next day in advance. The Exchange Electricity contract is valid until further notice.
When you opt for Exchange Electricity, you will always pay for electricity according to the market price. In the contract, the price is comprised of the basic charge and the energy price. The energy price is based on the hourly implemented electricity spot price and your electricity consumption, added by the margin per kWh valid at any given time and value added tax.
Exchange Electricity is our delivery obligation product. The prices below include VAT 25.5 %.
Tips for Exchange Electricity customers
- With Exchange Electricity, you can benefit from lower-cost hourly prices by optimising your consumption. Where possible, carry out activities that use a lot of energy, such as doing the laundry, going to sauna, charging an EV, or electric heating in the evening, during the night and at weekends when Exchange Electricity is cheaper.
- Find out your current consumption data and review your hourly consumption habits. Correct consumption data helps to take sensible energy-efficiency measures, and even small actions can significantly reduce energy consumption.
- Monitor your energy consumption in the Oma Helen app and plan your energy use in advance: the hourly prices for the next day are always available on this page by 3pm on the previous day.
Exchange Electricity
The price is determined hourly on the basis of the market price of electricity. The actual average spot price on the electricity exchange in 2023 was 6.66 c/kWh (incl. VAT 24%, the average price also includes VAT reduction from January 1 to April 30, 2023. Excl. margin).
More information
The price of the Exchange Electricity contract is comprised of the price of energy and the basic charge of the electricity contract.
The price of energy is comprised of the hourly price of the power exchange implemented by the hour, added by value added tax and margin valid at any given time. The price of energy is determined separately for each hour of the 24-hour period, and therefore the billed price is based on your energy consumption during the hour in question. With your own electricity consumption, you can have an impact on your electricity bill by utilising the hours of the day and night when the price of energy is lower.
The basic charge of the electricity contract is a fixed monthly fee that is not dependent on the amount of electricity consumption. You can check the effective basic charge in your contract details, which is found in our Oma Helen service.
The electricity bill shows the actual average price for the month. There are about 720 hours in a month, and each hour will have its own price. That is why these prices are not shown separately on the bill. The average price is obtained by weighting the price for every hour of the month with the energy consumption of the hour in question.
- Contract: valid until further notice
- Origin: complies with the Finnish production mix
- Price: follows the electricity spot price trend by the hour"
See price lists and terms of contract
Price determination in further detail
The energy price of the Exchange Electricity product is determined by the price for the Finnish price area notified by the Nordic electricity exchange (Nord Pool Spot) so that value added tax and margin valid at any given time are added to the hourly price.
A Exchange Electricity electricity contract is a good choice when the market price of electricity starts to fall rapidly, for example, as the prices of emission allowances fall or when there are quick changes in the water supply situation.
In such a situation, the prices of other electricity products will not necessarily react to the price fall as readily as the Exchange Electricity electricity contract. In a reverse situation, the prices of Exchange Electricity electricity contract are the first to react upwards. This risk is worth keeping in mind.
The Exchange Electricity contract requires that electricity is metered and registered in the metering site on an hourly basis.
Your electricity bill shows actual consumption and a summary of the actual price. In Oma Helen, you can monitor your electricity usage even down at the hourly level and also easily manage your contract-related issues, where necessary. The service is free of charge.
The price of Exchange Electricity is shown in Oma Helen to all customers regardless of the contract type.
In the Oma Helen web version, the Exchange Electricity price chart can be found at the bottom of the 'Electricity' tab.
In the Oma Helen app, you can easily find the Exchange Electricity price on the app's homepage under the 'Exchange price of electricity now' card. By clicking on the card, you can see a more detailed chart and get additional information about the current day's and previous days' Exchange Electricity prices.
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.
Specific carbon dioxide emissions of electricity are 554.9 g/kWh and the amount of spent nuclear fuel is 0.44 mg/kWh. See also the origin and specific emissions of all sold electricity.
| Energiamuoto | % |
|---|---|
| Nuclear power | 14 |
| Fossil sources | 81 |
| Renewable sources | 5 |
Hourly prices of the Nordic electricity exchange (Nord Pool)
The graph shows the Finnish area prices in the Nordic electricity exchange (Nord Pool). In the Exchange Electricity product, margin is added to the Finnish area prices. The price margin for Exchange Electricity is 0.49 c/kWh. Prices contain value added tax.
- Average price for 7 days
- 6.27 c/kWh
- Average price for 30 days
- 5.73 c/kWh
- Average price for 12 months
- 6.06 c/kWh
Average monthly spot prices:
| Month | Monthly average price |
|---|---|
| November 2024 | 5.69 c/kWh |
| October 2024 | 5.10 c/kWh |
| September 2024 | 7.03 c/kWh |
| August 2024 | 1.55 c/kWh |
| July 2024 | 2.08 c/kWh |
| June 2024 | 4.47 c/kWh |
| May 2024 | 4.36 c/kWh |
| April 2024 | 6.06 c/kWh |
| March 2024 | 7.36 c/kWh |
| February 2024 | 6.40 c/kWh |
| January 2024 | 13.18 c/kWh |
| December 2023 | 9.46 c/kWh |
Get your positive energy from Helen
Reliable energy company
We are a reliable and secure partner for our customers in the midst of the energy transition with our experience spanning more than 100 years. We offer an extensive range of the best energy solutions and digital services for our customers.
Free Oma Helen service
Oma Helen gives you a quick overall picture of your electricity usage, and you will keep on top of your energy matters. Oma Helen is available at any time of the day or night, at the most convenient time for you.
Electricity accident cover for the whole family is included in the contract
As an electrical accident can happen to anyone at any time, all Helen’s electricity customers get free electricity accident insurance cover in connection with the contract.
As our electricity contract customer, you get a 20% discount on home insurance from Fennia
As a Fennia home insurance customer, you are also eligible for a corresponding discount on many other insurance products from Fennia. You will receive the benefit when you buy home insurance online after buying an electricity contract.