Electricity prices - today and tomorrow
How is the electricity price determined? What is the electricity price today compared to historical prices? On this page, you'll find answers to your questions about electricity pricing.
Popular electricity contracts
Fortum Duo
- Mostly fixed price, with a hint of spot pricing
- Hybrid electricity contract
- You can influence the price of your electricity with the consumption effect
- 2-years fixed base price level
Electricity price
7,39 c/kWh+/- Consumption impact
Monthly fee
5,99 €/month
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 Kesto
- A Flexible electricity contract
- Kesto´s price follows the electricity market moderately
- Contract is valid as long as you will
Electricity price
13,99 c/kWh
Monthly fee
4,96 €/month
Spot Price for SE1
Show price incl. VAT
Show price incl. VAT
Electricity price development
The price of electricity is determined by market supply and demand. Factors such as weather conditions, political events, and other market-related elements influence the price.
Electricity prices are typically higher in winter than in summer due to increased demand for heating and lighting in households, businesses, and factories. If demand rises while supply remains unchanged, the price of electricity increases.
All things related to your electricity and contract in the Fortum app
Fortum app is a handy helper for managing your home's electricity matters. Fortum app is always with you in your pocket as a mobile service.
In the Fortum app service:
You follow the hourly price of spot-priced electricity
You monitor your electricity usage in kilowatts and euros
You can change the production origin of your electricity
You can change the billing interval
You find all contract details and invoices
You can easily activate e-invoicing
FAQ
Spot electricity refers to electricity priced according to market-based supply and demand. The price can vary daily and hourly. Spot electricity gives consumers the opportunity to benefit from lower prices and supports efficient energy use.
Electricity companies purchase their electricity from Nord Pool, where the spot price is determined hourly based on supply and demand.
The price is influenced by weather conditions, political events, and other market-related factors. In winter, spot electricity is usually more expensive than in summer, and during the day it tends to be more expensive than at night.
The spot price is the real-time electricity price, which varies at different times of the day and night, reflecting market supply and demand.
Hourly electricity means that the price can change every hour, and consumers pay according to the current price.
Read more about the Fortum Tarkka spot electricity contract.
The market-priced Fortum Tarkka contract is based on hourly rates. This means you can benefit from lower night-time, weekend and summer rates, even if you do not have time-of-day metering in use. You can check the hourly rates at our website or through the Fortum application.
The total electricity cost on your bill is calculated by applying the hourly rate to your hourly energy consumption during that hour.
A spot electricity contract follows the price development of the electricity market. If you have a spot electricity contract, your electricity bill will vary monthly depending on rises and falls in the electricity price. A fixed-price electricity contract, on the other hand, means that the price per kilowatt-hour remains the same throughout the contract period, and your electricity bill is roughly the same for each billing cycle. If you choose a spot electricity contract, you pay for electricity based on the exact hourly price at the time the electricity is used.