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It is an auction and everyone pays the same price. During the afternoon tomorrow every household in Finland will be paid significantly for their power usage unl
by sigurdjs 3y ago
It is an auction and everyone pays the same price. During the afternoon tomorrow every household in Finland will be paid significantly for their power usage unless they have a fixed price agreement, which is not that common
- ttkari 3y agoAccording to Finnish Energy Authority (energiavirasto.fi), at the end of 2022 only 13,7% of customers had a contract where pricing is tied to the hourly market rate. It is much more common to have either a fixed price contract (usually for a term of 12 or 24 months) or a contract where the pricing is set by for example monthly averages of the market price.
- sigurdjs 3y agoMy mistake! Assumed all Nordic countries were the same
- stevekemp 3y agoI'd suspect that actually fixed-price agreements are very common, and represent the overwhelming majority of contracts for residents/individuals. I know that after the war started spot-prices rose sharply and a lot of people made the jump. Some, unfortunately, locking themselves into relatively expensive prices.