SpotVahtiSpotVahti · updated 11 Nov 2026 · calculated from actual hourly prices for 1 Nov 2025–31 Oct 2026
In short
With actual hourly prices from the last year (1 Nov 2025–31 Oct 2026), the cheapest spot-price contract in Finland was cheaper than the cheapest fixed-price contract for all five home types: by 71 € a year in an apartment and 334 € with direct electric heating. Over a longer period, spot price was cheaper than today’s typical fixed price (10.70 c/kWh) in 53 of 70 months (76 %) since 2021, but not in a single month of the 2022 energy crisis. A fixed price makes sense if you want a predictable bill or cannot move your consumption away from the most expensive hours.
Last year by home type
We calculated the annual price of every contract in our comparison with actual hourly prices for 1 Nov 2025–31 Oct 2026. Spot price is weighted by each home type’s typical consumption pattern, so expensive winter and evening hours count for more than in a plain average. The annual price is the average of the first two contract years, so intro offers don’t distort the comparison.
| Home type | Cheapest spot | Cheapest fixed | Spot cheaper by |
|---|---|---|---|
| Apartment 2,000 kWh/yr | 181 €/yr | 252 €/yr | 71 €/yr |
| Terraced house 5,000 kWh/yr | 432 €/yr | 558 €/yr | 127 €/yr |
| Detached house, no electric heating 6,000 kWh/yr | 511 €/yr | 660 €/yr | 149 €/yr |
| Detached house, ground-source heat pump 10,000 kWh/yr | 863 €/yr | 1,068 €/yr | 205 €/yr |
| Detached house, direct electric heating 18,000 kWh/yr | 1,549 €/yr | 1,883 €/yr | 334 €/yr |
The difference grows with consumption. In an apartment spot price saved 71 €, in a detached house with electric heating 334 € a year. The cheapest contracts for an apartment were Nordic Green Energy Pörssisähkö ei kuukausimaksua and Oomi Kiinteä 24 kk. Get the figures for your own home in the comparison.
Since 2021
One year is a short sample. So we compared the average spot price of every month since 2021 with today’s typical fixed price (10.70 c/kWh, the median of the fixed contracts in our comparison). A typical margin of 0.55 c/kWh has been added to the spot price.
| Year | Spot + margin, average | Months cheaper than 10.70 c |
|---|---|---|
| 2021 | 9.60 c/kWh | 9/12 |
| 2022 | 19.81 c/kWh | 1/12 |
| 2023 | 7.65 c/kWh | 12/12 |
| 2024 | 6.28 c/kWh | 11/12 |
| 2025 | 5.63 c/kWh | 12/12 |
| 2026 | 7.85 c/kWh | 8/10 |
Spot price was cheaper in 53 of 70 months, or 76 % of the time. Of the 17 months when it cost more than the fixed price, 11 were in the 2022 energy crisis, when spot price averaged 19.81 c/kWh. The rest fell at the start of the energy crisis in autumn 2021 and in the coldest winter months, January and February.
The risk of spot price
The risk of spot price is winter. Last year’s most expensive month was February 2026 (17.22 c/kWh) and the cheapest July 2026 (1.93 c/kWh). The most expensive single day was 3 Feb 2026, when the daily average was 48.47 c/kWh. The average for the whole period was 6.89 c/kWh.
If your consumption peaks exactly when it is freezing and cannot be moved, one expensive month can eat a large part of the year’s saving. Read more: Heat pump and spot price.
Which is right for you?
- Choose spot price if your consumption is small, if you can time EV charging, a hot water heater or storage heating for the night, or if you can live with a bill that varies.
- Choose a fixed price if you need a predictable bill, heat with direct electricity without storage, or don’t want to follow prices.
- Compare the total price, not just the c/kWh price. With low consumption the monthly fee often matters more: Margin and monthly fee.
Frequently asked questions
Is spot-price electricity cheaper than a fixed-price contract in Finland?
Usually, yes. For 1 Nov 2025–31 Oct 2026 the cheapest spot contract was cheaper than the cheapest fixed contract for all five home types. Since 2021, spot price was cheaper in 53 of 70 months, compared with today’s typical fixed price of 10.70 c/kWh. The exception was 2022, when spot price averaged 19.81 c/kWh.
Who should choose a fixed-price electricity contract?
A fixed price suits you if you want to know your bill in advance, if your consumption is high in winter and cannot be moved (for example direct electric heating without a storage tank), or if you don’t want to follow prices. The risk is that you usually commit for 1–2 years even if the spot price falls.
Who should choose spot-price electricity?
Spot price suits you if your consumption is small (an apartment) or if you can move it to cheap hours: charging an EV at night, storage heating, a hot water heater and laundry. The more of your consumption falls at night and in summer, the more spot price saves.
Which contract is cheapest for you?
Calculate your annual price for every contract with your home type and consumption.
Read next
- Margin and monthly fee What the margin on a spot-price contract means and when the monthly fee matters more than the margin.
- Heat pump and spot price What heating costs on a spot-price contract and how much you save by shifting it to cheap hours.
- Charging an EV on spot price What charging costs at night, in the evening and during the cheapest hours of the day.
- Saving electricity at peak hours Which appliances are worth moving to cheap hours and which are not: calculated savings per appliance with actual hourly prices.
- Switching electricity contract How to switch electricity contract in Finland: termination, fixed-term contracts and moving home.
Spot prices: Ember, European Wholesale Electricity Price Data (CC-BY 4.0), original source Nord Pool. Prices include 25.5 % VAT, but not transmission fees or electricity tax. Method: How we compare. Spotted a mistake? [email protected]