Rising Electricity Prices? Secure Fixed Contracts for Savings

As an energy consumer, it’s crucial to have access to a reliable calculator that can help you compare your own electricity contracts with the available options. Unfortunately, the exchange price for electricity in HS has reached unprecedented levels, with some of the highest prices seen since last winter’s energy crisis. On Tuesday, the high price including taxes reached as much as 96.4 cents per kilowatt hour, while the average price for the day was only 35.7 cents per kilowatt hour.

The surge in electricity prices is attributed 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. Despite this setback, 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 November so far.

One strategy that companies have been employing is to schedule their electricity use strategically during windless freezing days when the price of electricity on the exchange can sometimes even be negative. This approach has allowed them to obtain electricity at a significantly lower price than other contract types during the beginning of the year. However, as of Wednesday, it is expected that the price of electricity on the exchange will drop significantly, making fixed-price contracts even cheaper than they were at the beginning of November.

If you want to protect your energy bills for a shorter period or need flexibility in your energy usage plan, there are various contract options available for you to choose from. With our easy-to-use calculator below, customers can compare their current electricity contracts with other options and make an informed decision about their energy needs.

In conclusion, by using our calculator and being aware of market trends and fluctuations in energy prices, customers can take steps towards protecting themselves from unexpected spikes in their energy bills and ensuring they get access to competitive pricing plans that suit their needs best.