• Thu. Nov 30th, 2023

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Electricity prices have risen, but fixed contract prices have dropped – take advantage of these available contracts now


Nov 20, 2023

HS’s calculator makes it easy to compare your own energy contracts with the available options. The exchange price for electricity soared to levels not seen since last winter’s energy crisis. The high price on Tuesday, including taxes, reached as much as 96.4 cents per kilowatt hour. The average price for the day was 35.7 cents per kilowatt hour.

The surge in electricity prices is due to weak wind power production and an interruption of electricity production at Olkiluoto nuclear power plant’s third unit. However, it is estimated that production will resume on Tuesday afternoon. Thus far in November, exchange electricity has been more expensive than at the beginning of the year, with an average price of 9.4 cents per kilowatt hour.

In exchange electricity, the price of electric energy paid by the consumer is determined hourly in the electricity exchange Nordpool. On windless freezing days, the price of electricity on the exchange can sometimes even be negative. By strategically scheduling electricity use, companies have been able to obtain electricity at a significantly lower price than other contract types during the beginning of the year.

However, as of Wednesday, the price of electricity on the exchange is expected to drop significantly. Other contracts have not changed in price. The cheapest fixed-price electricity contracts are even slightly cheaper than at the beginning of November. If you want to protect the price of electricity for a shorter period, the contracts are more expensive. Flexible contracts are also available, where the fixed kilowatt-hour price can be slightly cheaper. With the calculator below, customers can compare their electricity contract with the available options.

By Editor

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