Small but spot on
Spot electricity price now and later today
A spot contract based on the power exchange price rewards smart consumers. You get the most out of spot electricity with the Herrfors app, which lets you shift your consumption to the cheapest hours of the day. The more you schedule, the more you save – while also benefiting the environment.
Source: ENTSO-E Transparency Platform
What affects the spot electricity price?
Spot electricity is based on Nordic power exchange prices, which vary with supply and demand. The market sets a separate price for each time period, and it can fluctuate significantly across the day and by season. This means opportunities to benefit from low prices – but also a risk of price increases.
Drivers include weather conditions, hydrological balance, fuel prices, wind and solar output, and overall consumption in the Nordic market area. Interconnectors to neighbouring countries and geopolitical situations also matter, as they can limit imports or push up energy prices across Europe. Typically, electricity is cheapest during windy periods, at night, on weekends and when demand is lower.
How is the billed price formed?
Your electricity sales price consists of the spot prices, the supplier’s margin, a fixed basic fee and VAT. A spot contract lets you influence your bill by shifting consumption to favourable times. For example, start EV charging, your water heater or the washing machine when electricity is cheapest. This saves money while generation-related emissions are at their lowest.
If you value control and accept price variation, a spot contract can be a smart choice. If you want to reduce the risk of rising prices, check our Spot+ contract, which lets you make fixed-term price locks as needed.
Spot+
Price is based on spot electricity; you can make a fixed-term price lock if you wish
- Benefit from the market’s lowest prices.
- No long-term commitments.
- Optionally hedge specific months.
Spot+
Prices incl. VAT 25,5 %
Download the Herrfors app – schedule your consumption smartly
The Herrfors app helps you get the most out of your Spot+ contract. See real-time spot prices, track your electricity use and view your bills. You can also automate EV charging to the cheapest hours of the day and save on your electricity bill.
Consumption tracking
Easily understand your electricity use and how much different household functions consume.
Invoice overview
View all invoice details and current payment information in the app.
Check today’s and tomorrow’s spot prices
Plan usage by reviewing today’s and tomorrow’s spot price.
Automatic EV charging optimisation by spot price
Simplify everyday life by automating charging to the cheapest hours.
Protect your electricity price – make a price fixing within your spot contract!
Want price certainty without losing the cheapest spot-price hours? Make a price fixing to shield yourself from spikes! A spot contract is flexible, and you can choose when to fix the price for part of your consumption. That way you get the best of both worlds without surprises.
Price incl. VAT 25.5%
November
Price incl. VAT 25.5%
December
Price incl. VAT 25.5%
January
Frequently asked questions about spot prices
A spot contract is based on the power exchange’s hourly price (Nord Pool). You pay according to the price for each hour. The price can vary significantly across the day and by season.
The electricity price is set directly according to Nord Pool’s Finnish price area, hour by hour. The total includes the supplier’s margin, VAT and a basic fee. You can see exact prices on your invoice and in our online service or mobile app.
You can track electricity prices on our website and in the Herrfors app. Prices are published the previous day at around 14:00.
Yes. A spot contract suits customers who can shift their consumption. By moving, for example, laundry, EV charging or heat-pump use to cheaper times, you can save significantly on your bill.
Because the price follows market conditions, it can rise quickly—for example in cold weather or exceptional situations. Spot pricing isn’t for everyone; it suits those who tolerate price fluctuations or can shift their use. You can reduce risk considerably by making price locks.
Electricity isn’t automatically renewable, but you can choose it as an add-on service. Renewable energy reduces your carbon footprint and supports cleaner generation.
Yes. You can switch, as spot contracts are usually valid until further notice. Note that some products may have a waiting period: if you switch away, you can’t return immediately.
Activate e-invoicing in your online bank by selecting Oy Herrfors Ab as the biller and entering the required details. After that, invoices arrive electronically for approval directly in your online bank.
If you move, your spot contract doesn’t transfer automatically to your new address. You can end your contract in our online service and sign a new one at the same time. You can also contact customer service before moving so we ensure electricity supply in your new home.