Fortum Tarkka
- Spot-priced contract
- You can save by scheduling your consumption at convenient times
- Contract is valid as long as you will
- You can monitor electricity prices in the Fortum app
Electricity price
Hourly price + 0,59 c/kWh
Monthly fee
5,99 €/month
Fortum Tarkka
5,99 €/month + 0,59 c/kWh
+ Hourly price
Most chosen in the Nordics
Choose Fortum like over 2 million other customers.
Electricity produced without emissions
The electricity in the contracts we sell is always produced without emissions.
Smart energy usage
Lower your electricity costs and learn more with our app.
What is spot priced electricity?
Spot-priced electricity is based on an hourly rate determined through competition in the Nordic electricity exchange. When electricity prices change, the price of spot-priced electricity reacts first: when prices drop, the price of spot-priced electricity also drops, and vice versa.
By timing your electricity consumption, you can take advantage of price fluctuations throughout the day. For example, you could try to use more electricity or schedule operations for when prices are low, and reduce consumption when prices rise.
Who is spot electricity suitable for?
Ordering spot electricity is a good option for you if you want to actively monitor and manage your electricity consumption. If you're interested in tracking price fluctuations and want the opportunity to take advantage of lower prices, spot electricity could be a great fit for you.
However, keep in mind that spot electricity prices can vary significantly throughout the day, so you need to be prepared to take on the risk of potential price fluctuations.
If, on the other hand, you prefer stability in your electricity bill, you should consider a contract based on a fixed base price. With the Fortum Duo contract, you get a fixed kWh price for 24 months based on the contract start date, along with a consumption-based component linked to the spot price. For about 90% of our Duo customers, the effect has averaged ± 2 cents per kWh.
How is the price set?
In spot-priced electricity contracts, the price per kWh of electricity can change every hour, hence the name "hourly priced electricity". A price for each hour is locked in during the previous day's auction at the Nordic electricity exchange, NordPool.
The price depends on many factors, such as the amount and methods of electricity production and the electricity consumption of homes, public entities, and industry over the next 24 hours.
The price is also influenced by the market prices of raw materials needed for electricity production and the amount of water available. In particular, the situation of Norway's water reserves has a strong impact on electricity prices in the Nordic countries. For example, winters with little snow or summers and autumns with little rain can lower water reserves, which raises the price of electricity.
Monitoring market and prices
You can follow the hourly prices of our spot electricity contract on our website. The prices for the following day are usually updated around 3 PM. You can also view general price trends on the same page. Please note that these prices do not include the brokerage fee but do include VAT.
Spot electricity prices are also available in the Fortum online service and mobile app.
What is the difference between spot price and fixed price?
In spot electricity contracts, the electricity price per kilowatt-hour may change every hour, which is why it’s called “hourly priced electricity.” Each hour is assigned a price in the previous day’s auction on the Nordic electricity exchange, Nord Pool. By timing your electricity usage, you can use electricity when it’s cheaper compared to expensive hours – and save on your electricity bill.
In fixed-price contracts, the kWh price is set in advance for a predetermined period. This means a fixed-price contract brings more predictability to your electricity bill, but you won’t be able to take advantage of the cheapest spot electricity hours.
What is spot priced electricity?
Spot-priced electricity is based on an hourly rate determined through competition in the Nordic electricity exchange. When electricity prices change, the price of spot-priced electricity reacts first: when prices drop, the price of spot-priced electricity also drops, and vice versa.
By timing your electricity consumption, you can take advantage of price fluctuations throughout the day. For example, you could try to use more electricity or schedule operations for when prices are low, and reduce consumption when prices rise.
Who is spot electricity suitable for?
Ordering spot electricity is a good option for you if you want to actively monitor and manage your electricity consumption. If you're interested in tracking price fluctuations and want the opportunity to take advantage of lower prices, spot electricity could be a great fit for you.
However, keep in mind that spot electricity prices can vary significantly throughout the day, so you need to be prepared to take on the risk of potential price fluctuations.
If, on the other hand, you prefer stability in your electricity bill, you should consider a contract based on a fixed base price. With the Fortum Duo contract, you get a fixed kWh price for 24 months based on the contract start date, along with a consumption-based component linked to the spot price. For about 90% of our Duo customers, the effect has averaged ± 2 cents per kWh.
How is the price set?
In spot-priced electricity contracts, the price per kWh of electricity can change every hour, hence the name "hourly priced electricity". A price for each hour is locked in during the previous day's auction at the Nordic electricity exchange, NordPool.
The price depends on many factors, such as the amount and methods of electricity production and the electricity consumption of homes, public entities, and industry over the next 24 hours.
The price is also influenced by the market prices of raw materials needed for electricity production and the amount of water available. In particular, the situation of Norway's water reserves has a strong impact on electricity prices in the Nordic countries. For example, winters with little snow or summers and autumns with little rain can lower water reserves, which raises the price of electricity.
Monitoring market and prices
You can follow the hourly prices of our spot electricity contract on our website. The prices for the following day are usually updated around 3 PM. You can also view general price trends on the same page. Please note that these prices do not include the brokerage fee but do include VAT.
Spot electricity prices are also available in the Fortum online service and mobile app.
What is the difference between spot price and fixed price?
In spot electricity contracts, the electricity price per kilowatt-hour may change every hour, which is why it’s called “hourly priced electricity.” Each hour is assigned a price in the previous day’s auction on the Nordic electricity exchange, Nord Pool. By timing your electricity usage, you can use electricity when it’s cheaper compared to expensive hours – and save on your electricity bill.
In fixed-price contracts, the kWh price is set in advance for a predetermined period. This means a fixed-price contract brings more predictability to your electricity bill, but you won’t be able to take advantage of the cheapest spot electricity hours.
Support the production of renewable energy
100% uusiutuva energia -additional service: 4,96 €/kk + 0,41 c/kWh
100% Certified Renewable Energy
We purchase Guarantees of Origin from electricity producers to match your consumption of renewable energy.
The origin is verified through the European Guarantee of Origin system, ensuring that the electricity is produced from renewable energy sources.
Our online services
Find all the information you need in the app
The app is a handy helper for taking care of your home's electrical matters. The Fortum app is always with you in your pocket as a mobile service.
Use the app to:
✓ Monitor the hourly price of electricity
✓ Monitor your electricity consumption in kilowatts and euros
✓ Change the billing interval
✓ Find all contract information and invoices
✓ Easily activate an e-invoice
Spot Price for SE1
Show price incl. VAT
Show price incl. VAT
FAQ
In spot electricity contracts, the electricity price per kilowatt-hour may change every hour — hence the name "hourly priced electricity." Each hour’s price is set during the previous day’s auction on the Nordic electricity exchange, Nord Pool.
The price depends on various factors, such as the amount and method of electricity production, as well as electricity consumption by households, public institutions, and industry for the upcoming day.
Other factors influencing the price include market prices of raw materials needed for electricity production and the amount of available water. In particular, the state of Norway’s water reservoirs has a strong impact on electricity prices in the Nordic countries. For example, winters with little snow or dry summers and autumns can reduce water reserves, leading to higher electricity prices.
The price of market priced electricity is based on the spot price. The electricity spot price is determined by supply and demand on the European Nord Pool power exchange. This price is set separately for each hour of the following day.
As a consumer, you pay the spot price plus electricity taxes and the retailer's brokerage fee.
By locking in the electricity price, you can reduce the price risk associated with spot electricity contracts.
Fortum Hintatakuu is an additional service for the Fortum Tarkka spot electricity contract. It allows you to temporarily lock in the electricity price for one month at a time by accepting the price guarantee offer, which is made available on the first Tuesday of each month for the following month.
The Nord Pool electricity exchange is transitioning to 15-minute trading intervals. This means that instead of hourly pricing, electricity prices in the exchange will change more frequently. At this stage, there will be no changes for customers with spot electricity contracts.
The idea behind 15-minute pricing is to support the green transition and improve management of price fluctuations caused by the growing share of weather-dependent electricity production. For those living in apartment buildings or homes with district heating, this change will likely have little noticeable impact. By continuing to time electricity usage during cheaper periods, there will still be opportunities to save on electricity bills.
As measurement and pricing intervals become more precise, prices will fluctuate more frequently. However, this change itself does not increase prices. On the contrary, electricity providers will be better able to balance the system.
For homes with electric heating and electric vehicles charged at home, automation will increasingly enable more even distribution of electricity use and pricing throughout the day.