Price
0.39c/kWh
Monthly fee
4.90€/mo
- €0 monthly fee for the first 6 months, then €4.90/month.
- 0.39 c/kWh for the first 6 months, then 0.78 c/kWh + the Nord Pool quarter-hourly spot price.
Electricity provider
Cheap Energy
Low prices and the longest fee-free introductory period on the market
Cheap Energy — Low prices and the longest fee-free introductory period on the market
About the company
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.
What sets Cheap Energy apart?
Cheap Energy’s 6-month fee-free introductory period is the longest on the Finnish market for spot products. Combined with one of the lowest spot margins on the market, this makes Cheap Pörssisähkö one of the best short-term picks — the fee-free intro saves tens of euros in the first year compared with a shorter intro period.
Cheap Energy contracts in the Verrokit comparison
Cheap Energy offers five contracts:
- Cheap Pörssisähkö — spot electricity with an exceptionally long fee-free intro
- Cheap Markkinahintasähkö — ongoing market-based pricing
- Cheap Määräaikainen 6 kk — short fixed-term lock-in
- Cheap Määräaikainen 24 kk — two-year fixed lock with one of the market’s lowest monthly fees
- Cheap Määräaikainen 36 kk — the market’s longest fixed-term lock
You can always see live prices and monthly fees in our comparison tool and on each contract’s dedicated 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 Cheap Energy 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.
Customer service and online tools
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.
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 do I sign up with Cheap Energy?
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.
Summary
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 verified and updated directly from the Cheap Energy website in May 2026. Contract terms and prices may change — confirm the final price in the provider’s contract confirmation.
Products
Cheap Energy – contracts
7 contracts available
Price
6.99c/kWh
Monthly fee
3.99€/mo
- First month: €6.99 c/kWh + €0/month base fee.
- After 1 month: monthly average spot electricity price + margin €1.29 c/kWh + €4.99/month base fee.
Price
7.49c/kWh
Monthly fee
4.90€/mo
- First month: €7.49 c/kWh + €0/month base fee.
- After 1 month: €15.90 c/kWh + €4.90/month base fee. Price after 1 month is fixed until June 30, 2026!
Price
8.35c/kWh
Monthly fee
5.45€/mo
- Price locked for 36 months
- Transparent pricing — no hidden costs
- Longest lock-in on the market
Price
8.48c/kWh
Monthly fee
3.90€/mo
- Base fee €0 for 4 months, thereafter €3.90/month.
- Price fixed for 24 months.
- Transparent pricing, no hidden costs.
Price
9.45c/kWh
Monthly fee
3.90€/mo
- €0 monthly fee for the first 3 months
- After the 3-month fixed-term period, the contract will continue as an open-ended spot-price electricity contract at a price of 1.85 c/kWh + the Nord Pool spot price, with a monthly fee of €5.90. Applies to annual consumption below 50,000 kWh.
Price
9.45c/kWh
Monthly fee
3.50€/mo
- After the 6-month fixed-term period, the contract continues as an open-ended spot electricity contract with a price of €1.85 c/kWh + Nord Pool exchange price and €5.90/month.
FAQ
Frequently asked questions – Cheap Energy
Is Cheap Energy a reliable electricity provider?
Yes — Cheap Energy is a licensed electricity retailer in Finland, authorised by the Finnish Energy Authority. The provider complies with Finnish electricity market law and consumer protection law. Every provider in our Verrokit comparison is a trustworthy operator — the ranking is based on price only, not a reliability score.
How do I switch to a Cheap Energy contract?
You can sign a contract directly on the Cheap Energy website, typically by clicking the "Choose" button in the Verrokit comparison. You will need your metering point identifier (on your current electricity bill) and your personal ID. Switching takes 2–4 weeks and is free for the customer. The new provider handles the transfer from the old provider for you.
What is Cheap Energy's cheapest contract?
The cheapest individual contract depends on your annual consumption and which contract type suits you (spot or fixed-term). Use the Verrokit comparison tool — enter your annual consumption and you will see all Cheap Energy products sorted cheapest first by monthly cost. The list at the bottom of this page shows every contract from this provider.
Is Cheap Energy a reliable electricity provider?
Yes — Cheap Energy is a licensed electricity retailer in Finland authorised by the Finnish Energy Authority (business ID 3432655-1). The company complies with Finnish electricity market law and consumer protection law just like every other listed provider. Customer reviews have been mostly positive and the company is known for a fast support response time.
What happens when the Cheap Pörssisähkö 6-month fee-free period ends?
After the 6-month intro, the Cheap Pörssisähkö margin and monthly fee return to standard levels. The contract is ongoing, so you can cancel at any time with a 2-week notice. Recommendation: re-compare your contract six months after sign-up, since pricing will have evolved by then. Always check the current rates on the contract's own page.
Is Cheap Energy electricity green?
Cheap Energy does not currently advertise its electricity as 100 % renewable. If origin matters to you, consider Nordic Green Energy (100 % renewable) or Aalto Huoleton (fossil-free).
Can I switch to Cheap Energy without cancelling my old contract myself?
Yes — when you sign a contract with Cheap Energy, the company handles the switch from your old retailer for you. Your old contract ends automatically when the new one takes effect (usually 2–4 weeks after signing). You do not need to contact your old provider separately.