On Thursday, the price of stock electricity experienced a significant jump, causing concern for consumers. The overall average price for the day settled at 15.65 cents per kilowatt hour, but this was attributed to a lack of wind power and maintenance work being done on key reactors in Finland and Sweden. Electricity prices stabilized by Friday as production aligned more closely with consumption, resulting in hourly prices ranging from 13 to 15 cents per kilowatt hour.
Looking ahead, electricity price futures suggest a decrease in prices in May and June, followed by a gradual increase as temperatures drop. Despite some fluctuations, the average energy prices are expected to remain relatively steady throughout the rest of the year. Currently, the most affordable fixed-term contracts are those with shorter durations, such as a three-month contract offered by Vihreya Älyenergia Oy for 6.25 cents per kilowatt-hour.
For those looking for longer contracts, larger energy companies like Vattenfall and Helen offer slightly more expensive options with additional benefits. These companies provide fixed-term contracts ranging from one-and-a-half years to 24 months, with prices varying between 7.90 to 8.80 cents per kilowatt-hour. It’s worth noting that some contracts include live usage effects based on electricity exchange prices, which can either reward users for consuming electricity during cheaper hours or incur additional costs during peak hours.
In conclusion, despite occasional price spikes, there are various options available for consumers to manage their electricity costs effectively. By carefully comparing and choosing the right contract
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