Spot electricity contract with optional price lock
Now you can choose our Price Lock option. It’s a spot electricity contract with the option to use fixed pricing for specific months or quarters. By locking, you set a fixed price for your electricity for the chosen month or quarter. During the lock period, you pay a fixed price for your electricity, which is not tied to the spot price. When the lock period ends, your contract continues as a Price Lock spot electricity agreement on an open-ended basis.
The Price Lock is currently unavailable for business customers.
Because we want the Price Lock rates to be as straightforward as possible, the lock is 100%, meaning the price you pay for electricity is exactly as locked, with no partial locking.* Additionally, the Price Lock doesn’t include flex or consumption-based adjustments, which would make it harder to estimate the actual final price.
* Some providers may use partial price locks such as 50%.
Some things to consider
We have made the Price Lock as simple as possible, but new things always raise questions. Here are some answers to your questions:
I want to lock down my electricity price - what do I do?
In order to lock in a price, you must first signup for a Price Lock contract. You can make your first lock-in when you sign up for the Price Lock contract. If you sign up for a Price Lock contract without a lock-in, you will receive an order confirmation; however, you can only make the lock-in after you receive the contract confirmation for the Price Lock.
You can make the price lock on this page — select ‘I want to lock in my price’ below.
I already have a Spot On electricity contract. Can I lock in the price for it?
The Price Lock, which allows for price locking, is a different contract than the open-ended Spot On electricity contract. A price lock cannot be applied to the Spot On. Therefore, you must first switch your contract from Spot On to Price Lock. This can be done by signing up for a Price Lock contract.
I have an ongoing fixed-price fixed-term contract. Can I switch it to the Price Lock?
The Price Lock is a new product for us. Fixed-term contracts are specifically set to end on an agreed date, so a Price Lock contract can be made no earlier than 90 days before the fixed-term contract expires. However, the Price Lock contract will only begin once the fixed-term contract ends, meaning that you cannot switch to the Price Lock during the contract term.
I was looking at the lock-in prices earlier. However, they have now changed. Why is that?
Lock-in prices fluctuate with the market. You can make a lock-in at the currently visible prices, which will lock in the price. If the market situation changes, it will not affect the already locked price, but after the change, the new lock-in price may be higher or lower.
I have a spot electricity contract with another provider. How do I get the Price Lock contract?
The Price Lock is fundamentally a spot electricity contract, so when you place an order for a Price Lock contract with us, your contract will transfer to us just like when you typically switch electricity suppliers. The cancellation period for the old contract is 14 days, and the price lock can only begin once the Price Lock contract has started. Therefore, you can now create a Price Lock contract and make a lock-in that can start no sooner than 14 days and no later than 90 days from now.
I have an ongoing price lock. Can I switch to spot electricity or a fixed-term contract?
When you lock in a price, the Price Lock contract immediately becomes a fixed-term contract from the moment of locking, which cannot be canceled or suspended until the selected lock-in period has ended. You can switch to another contract type once the validity of your chosen lock-in expires.
If we weren’t able to answer your questions here, our customer service will be happy to assist you.
I want to lock in my price
Select one of these options:
Available lock-ins and prices
December 2024 (1.12.-31.12.)
January 2025 (1.1.-31.1.)
February 2025 (1.2.-28.2.)
Jan-Mar 2025 (1.1.-31.3.)
Origin of electricity and billing information
With this contract, you can easily manage your consumption during cheaper hours with the help of our Smart Energy app, Älyenergia, saving both money and the environment. We recommend this hourly contract type because you pay directly based on your actual electricity usage at the fluctuating market price. According to our research (here in Finnish), this is the most affordable contract type for nearly every household. The contract is open-ended with a two-week notice period.
If you want to protect yourself from price spikes, you can also lock in the price of this contract for either a month or a quarter.
All the energy we offer is 100% certified carbon-free energy. We support the protection of fish stocks in our waterways, which is why we have moved away from hydroelectric power to other carbon-free energy sources. All the energy we sell is produced from wind and nuclear power.
Carbon-free energy refers to a production method that does not use fossil fuels and has minimal carbon dioxide emissions.
We bill monthly based on actual consumption, sending invoices primarily when the balance exceeds €10, but at least 4 times a year. We prefer environmentally friendly billing methods, such as email invoices and e-invoices. While we try to avoid sending paper bills, we can provide a paper invoice if you cannot receive the invoice via email or through online banking as an e-invoice.