Cheap Energy electricity contracts 2026

About Cheap Energy — Finnish electricity provider

Cheap Energy is a Finnish electricity retailer founded in 2020 (business ID 3432655-1) that stands out with transparent pricing and aggressive introductory offers.

The company’s strategy is simple: offer customers the cheapest electricity with no hidden costs. Cheap Energy does not push hybrid products or complex bonus campaigns — just a clear c/kWh price and a monthly fee.

Why choose Cheap Energy for your electricity contract?

Cheap Energy’s spot products offer some of the longest fee-free introductory periods on the Finnish market. Combined with low spot margins, this makes Cheap Energy’s spot products attractive short-term picks — the fee-free intro saves tens of euros in the first year compared with a shorter intro period.

Cheap Energy electricity contracts 2026 — prices and offers

Cheap Energy offers both spot electricity contracts and fixed-price fixed-term contracts of various lengths (typically 6, 24 and 36 months). See the current product range and prices in the Verrokit comparison tool and in the product list at the bottom of this page.

Every contract has its own page with detailed information, price examples and a FAQ. A list of all the provider’s contracts can also be found at the bottom of this page. Compare Cheap Energy’s contracts with other providers →

Who is a Cheap Energy electricity contract best for?

Cheap Energy suits price-conscious consumers who value transparent pricing and don’t need complicated bonus schemes. A particularly good choice if you’re switching contracts for the first time — the long fee-free intro softens the threshold for switching.

Cheap Energy customer service and reviews

Customer service is digital — contracts are signed on the website and bills arrive by email or e-invoice. Cheap Energy is known for fast onboarding: a new contract takes effect within 2 weeks.

Cheap Energy reviews — pros and cons

Pros

• Longest fee-free intro on the market for spot (6 months)
• One of the lowest 24-month monthly fees on the market
• Longest fixed-term contract on the market (36 months)
• Transparent pricing — no hidden costs
• Modern digital services

Cons

• Spot margin rises after the intro — check the contract terms 6 months in
• No separate option for green electricity as an add-on

How to sign up with Cheap Energy step by step

You can sign a contract directly on the Cheap Energy website — click the ”Choose” button in the Verrokit comparison to go straight to the order form. You will need your metering point identifier (on your current electricity bill) and your personal ID.

Your old contract ends automatically when the new one takes effect — Cheap Energy handles the switch for you within 2–4 weeks. You do not need to notify your old provider or your local grid operator separately.

When to compare Cheap Energy electricity contracts

The four most common triggers to reconsider your Cheap Energy contract are: (1) your current fixed-term contract is ending — the provider often shifts you to an open-ended contract with a higher energy price; (2) you’re moving — a new address means a fresh comparison since the local grid operator changes; (3) your consumption has changed significantly — for example moving from an apartment to a detached house or installing electric heating; (4) market prices have shifted — a fixed contract signed when spot prices were high may no longer be the best value.

Verrokit’s comparison shows all Cheap Energy’s current contracts alongside competitors sorted cheapest first based on your annual consumption. In two minutes you’ll know whether staying with Cheap Energy or switching to another provider makes sense.

Cheap Energy contract terms, cancellation and switching

Cheap Energy — like all Finnish electricity providers — follows the electricity market rules confirmed by the Finnish Energy Authority. Open-ended contracts have a two-week notice period which you can invoke at any time without a fee. Fixed-term contracts run for their full term (typically 6, 12, 24 or 36 months) and early cancellation can incur a fee corresponding to the remaining months.

When your fixed-term contract ends, Cheap Energy typically transfers you to an open-ended contract whose energy price is often higher than the market’s cheapest options. This is why it pays to compare before the term ends — Verrokit’s notification system helps you remember.

How to choose the right Cheap Energy electricity contract

Take two minutes to check these four points before signing:

• Your annual consumption in kWh — find it on any recent electricity bill or from your grid operator’s online portal. The cheapest contract depends heavily on this number.
• Intro perks and when they end — many contracts show low prices for the first 3–6 months, then rise significantly. Check the normal price after the intro period.
• The type that suits you — spot electricity (variable, cheapest on average), fixed-term (predictable, no surprises) or hybrid (mix of both). Different profiles suit different consumers.
• Environmental values if important — check whether the provider offers 100% renewable electricity and whether guarantees of origin are included in the price or cost extra.

Is Cheap Energy worth choosing?

Cheap Energy is one of the seven electricity providers in the Verrokit comparison. The comparison sorts contracts cheapest first based on your annual consumption. Start comparing Cheap Energy’s contracts by entering your consumption on the comparison page.

Provider information updated regularly from the Cheap Energy website. Contract terms and prices may change — confirm the final price in the provider’s contract confirmation.

When to compare Cheap Energy electricity contracts

Cheap Energy's defining feature is the longest fee-free intro periods on the Finnish market — which is why comparing at the end of the intro is especially worthwhile. The company keeps normal prices moderate but new customers always get the most attractive starting rates.

The four most common triggers to reconsider your Cheap Energy contract are: (1) your current fixed-term contract is ending — the provider often shifts you to an open-ended contract with a higher energy price; (2) you're moving — a new address means a fresh comparison since the local grid operator changes; (3) your consumption has changed significantly — for example moving from an apartment to a detached house or installing electric heating; (4) market prices have shifted — a fixed contract signed when spot prices were high may no longer be the best value.

Verrokit's comparison shows all Cheap Energy's current contracts alongside competitors sorted cheapest first based on your annual consumption. In two minutes you'll know whether staying with Cheap Energy or switching to another provider makes sense.

Cheap Energy contract terms, cancellation and switching

Cheap Energy contracts follow simple terms: open-ended contracts end with a 2-week notice at no fee. Early cancellation of fixed-term contracts incurs the standard electricity market cancellation fee, which depends on the remaining months.

Cheap Energy — like all Finnish electricity providers — follows the electricity market rules confirmed by the Finnish Energy Authority. Open-ended contracts have a two-week notice period which you can invoke at any time without a fee. Fixed-term contracts run for their full term (typically 6, 12, 24 or 36 months) and early cancellation can incur a fee corresponding to the remaining months.

When your fixed-term contract ends, Cheap Energy typically transfers you to an open-ended contract whose energy price is often higher than the market's cheapest options. This is why it pays to compare before the term ends — Verrokit's notification system helps you remember.

How to choose the right Cheap Energy electricity contract

From Cheap Energy's range you easily choose between two options: spot electricity (flexible, cheapest on average) or fixed-term (predictable, no surprises). EV charging or storage electric heating fits best with spot — for a stable budget, fixed-term is safer.

Take two minutes to check these four points before signing:

• Your annual consumption in kWh — find it on any recent electricity bill or from your grid operator's online portal. The cheapest contract depends heavily on this number.
• Intro perks and when they end — many contracts show low prices for the first 3–6 months, then rise significantly. Check the normal price after the intro period.
• The type that suits you — spot electricity (variable, cheapest on average), fixed-term (predictable, no surprises) or hybrid (mix of both). Different profiles suit different consumers.
• Environmental values if important — check whether the provider offers 100% renewable electricity and whether guarantees of origin are included in the price or cost extra.