Electricity comparison 2026 — compare contracts and save

Spot or fixed-term?

With a spot contract the price follows the hourly Nord Pool market. Best for consumers who can flex their consumption — overnight and early morning prices are usually the lowest. Over the long term, spot is often the cheapest choice, but expensive winter hours can lift the bill.

A fixed-term contract locks the price for 6–36 months. This gives budgeting predictability, but if the market drops during the term you do not benefit. A good choice if your consumption is high or your situation is inflexible.

Compare spot and fixed contracts →

Switching is easy

Switching providers takes 2–4 weeks and is free to you. The new provider handles everything: contacting your old provider, notifying the grid operator and starting billing on the agreed date.

You only need the metering point identifier from your current bill and your personal ID. Signing up usually takes a few minutes on the provider site — you do not need your old contract or its end date.

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What makes up your electricity bill?

An electricity bill consists of three parts: 1) Energy price (c/kWh) — switchable, 2) Monthly fee (€/mo) — switchable, 3) Grid transfer (operator) — not switchable, because the grid operator is determined by your address.

The Verrokit comparison focuses on the first two — the ones you can influence. Savings come from a combination of a cheaper energy price and a lower monthly fee — our €/mo estimate combines both based on the annual consumption you provide.

How does Verrokit pick providers?

We compare the largest and most trusted electricity retailers in Finland: Cheap Energy, Oomi Energia, Fortum, Hehku Energia, Aalto Energia, Nordic Green Energy and Vattenfall. Each provider holds a licence from the Finnish Energy Authority.

Ranking is based on price alone — we do not steer users toward more expensive products. We earn a commission from providers when you sign a contract, but this does not affect the ranking or the price you see.

Time control for spot electricity

Spot electricity price varies hourly. Schedule high-consumption devices — EV charging, laundry and dishwashing, sauna, hot water heater — to the cheapest hours (typically overnight 02–05 or on summer days). Modern smart devices do this automatically.

Adjust heating by 1–2 degrees

Lowering electric heating by one degree cuts the annual bill by about 5%. Overnight and while away, the temperature can be even lower. An air-source heat pump produces 3–5x the heat compared to electricity input — the investment pays back in 3–5 years.

Hot water and sauna

Showers and hot water are a surprisingly big expense — a 4-minute shower instead of 8 minutes saves hundreds per year. Better to heat the sauna less often but fuller — heating a half-empty sauna consumes the same as a full one.

Replace old appliances

An A+++ class refrigerator consumes only a third of a 10-year-old equivalent. Switching to LED lighting cuts lighting consumption by 80%. An electric sauna stove is 8–12 kW — a modern infrared 3–4 kW with the same sauna experience. Investments pay back quickly with high consumption.