Electricity Contracts 

Electricity contracts are available as either fixed-term or ongoing agreements. Fixed-term options include, for example, 6, 12, or 24 months.

With a fixed-term contract, both the monthly fee and the electricity price remain the same throughout the contract period, protecting you from price fluctuations.
When your contract period ends, we’ll contact you with an offer to update your electricity agreement.
If you don’t make any changes when the fixed-term contract ends, it will automatically continue as an ongoing contract, following our current standard price list.

If you move, your fixed-term contract will end—even if the contract period is still ongoing.
Remember to make a new electricity contract for your new home before you move.

An ongoing contract can be terminated with 14 days’ notice. Unlike fixed-term agreements, the price of an ongoing contract may change after 30 days’ notice from the electricity company.

The price you pay for electricity consists of three parts:

1. Electric energy – the electricity you actually use

2. Transmission (or distribution) – the cost of delivering that electricity to your home

3. Taxes 

You can choose the company from which you buy your electric energy, but not your distribution network company.
You are always a customer of the local network operator based on your home’s location, and you pay the transmission fee according to their price list.

Because the energy supplier and the distribution company are often different entities, you’ll receive two invoices: one from your electricity seller and one from your distribution company.

The price of electricity is influenced by many factors.
Price increases and decreases reflect the cost of electricity production and changes in demand for energy.
For example, in 2022, electricity prices experienced exceptionally high volatility.

In addition to supply and demand, many production-related factors affect the price of electricity, such as the cost of fuels used for production and maintenance outages at power plants.
Weather conditions, especially in renewable energy production, play a major role – for example, hydro and wind power output depends heavily on current weather.
Transmission limitations for imported electricity to Finland can also impact prices.

🔍 Check the current spot price of electricity and explore the historical development of market prices.

kWh stands for kilowatt-hour, which is simply a unit of measurement for electricity use.
It describes how much electricity a device uses when it runs at 1,000 watts (1 kilowatt) for one hour.
So if you use a 1,000-watt appliance for one hour, you’ve used 1 kilowatt-hour (kWh) of electricity.
Pretty straightforward, right?

Electricity prices are usually listed in cents per kilowatt-hour.
So when you're comparing electricity contracts, check how much you're paying per kWh – that’s the price you pay for each unit of energy you use.

The kWh price can vary due to factors like:

• The season (winter vs. summer)

• Electricity production conditions

• Total consumption

• Market (spot) price fluctuations

Here are some rough annual estimates to help you understand typical household electricity consumption:

• Studio apartment: 1,500–2,500 kWh/year

• Row house or townhouse: 2,500–4,000 kWh/year

• Detached house: 5,000–20,000 kWh/year
  (depending on the heating method)

In the Nordic countries, the most common sources of electricity are hydropower, nuclear power, and wind. In Finland, electricity is also generated by burning wood, peat, and coal – although the use of coal and peat is gradually being phased out.

When you sign an electricity contract with us, you can choose how your electricity is produced. An optional origin certification can be added to your contract.

Do You Have a Fixed-Term Electricity Contract You’d Like to Terminate?

A fixed-term electricity contract cannot be terminated during the contract period. It is binding for both the customer and the electricity supplier for the full duration of the fixed term.
An exception applies if you're moving – in that case, you can either terminate the contract or transfer it to your new address.

Under the Finnish Electricity Market Act, an electricity supplier with a dominant position in a distribution network operator’s area is required to provide electricity to customers in that area.

At Oomi, you can find the products that fall under this supplier obligation here.