SpotVahtiSpotVahti · updated 11 Nov 2026
In short
In Finland you switch electricity contract by making a new contract. The new seller terminates the old contract for you, and the power is not cut off. An open-ended contract can be terminated with two weeks' notice. A fixed-term contract usually cannot be ended in the middle of the term, except when moving, and it can bind a consumer for at most two years. Transmission stays with the same network company, so you only change the seller of the electricity itself.
Switching step by step
- Check your current contract. Is it open-ended or fixed-term, and when does the term end? You will find this in the contract, on your electricity bill or in Fingrid's Datahub service.
- Compare contracts with your own consumption. The c/kWh price alone is not enough, because the monthly fee and when you use electricity matter. Calculate your price.
- Make the new contract. The seller usually asks for your address, personal identity code and start date. The metering point ID speeds things up, and it is on your electricity bill.
- The new seller handles the rest. It terminates the old contract on your behalf and notifies the switch. You do not need to contact the old seller.
- You get a final bill from the old seller and the following bills from the new one. Transmission bills still come from the network company.
Transmission cannot be put out to tender: the network company is determined by where you live, and the transmission contract continues as before.
Open-ended contract
An open-ended contract can be terminated at any time. The notice period is two weeks. Most spot-price contracts are open-ended, so switching is easy when you find a cheaper one.
Fixed-term contract
A fixed-term contract is valid for the agreed period and usually cannot be terminated in the middle of the term. It can, however, bind a consumer for at most two years. After that the contract can be terminated with two weeks' notice, even if it was made for a longer period.
- The seller cannot end a fixed-term contract in the middle of the term.
- A termination fee can only be charged if it was agreed in the contract.
- When the term ends, the contract usually continues as open-ended or for a new term according to the contract terms. Check the continuation price well in advance.
On the differences between fixed and spot price: Fixed or spot price?
Moving
When you move to another home you can terminate the contract, a fixed-term one too. You need a new electricity contract for the new address, so moving is a good moment to compare. Make the new contract a few weeks before moving day so the power is on when you arrive.
Check before switching
- The total price with your own consumption, not just the margin or energy price. Read: Margin and monthly fee.
- The price after the introductory offer. Many offers apply only for the first months.
- Contract length and continuation terms for fixed-term contracts.
- Right of withdrawal: a contract made online or by phone has a 14-day right of withdrawal.
Sources: Finnish Energy (Energiateollisuus ry), code of practice for the electricity retail market (approved 9 Mar 2026); Consumers' Union of Finland (Kuluttajaliitto). This guide is general information, not legal advice. Check the terms of your own contract.
Frequently asked questions
How do I switch electricity contract in Finland?
Choose a new contract and make it on the seller's website or by phone. You usually need your address and Finnish personal identity code, sometimes also the metering point ID, which is on your electricity bill. The new seller handles the switch and terminates the old contract. The power is not cut off at any point.
Can I terminate a fixed-term electricity contract early?
Usually not. The exception is moving: a fixed-term contract can be terminated when you move to another home. A fixed-term contract can bind a consumer for at most two years, after which it can be terminated with two weeks' notice. A termination fee can only be charged if it was agreed in the contract.
How much can I save by comparing electricity contracts?
It depends on your current contract and consumption. In our comparison the cheapest contract cost 181 € in an apartment and 1,549 € a year in a detached house with electric heating, excluding transmission. Compare that with your current bill, or calculate your own price in the comparison.
Which contract is cheapest for you?
Calculate your annual price for every contract with your home type and consumption.
Read next
- Fixed price or spot price? Which was cheaper for different home types, and in how many months spot price has won since 2021.
- 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.
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]