Oomi Flex – influence the price of your electricity by timing your consumption
Combine the best aspects of a fixed-price contract and exchange electricity – influence the price of your electricity by timing your consumption to take place during the affordable hours of the day. Choose between a 12-month or 24-month fixed-term contract.
Choose between a 12-month or 24-month fixed-term contract
The price of a fixed-term Oomi Flex electricity contract consists of three parts:
- monthly basic fee (€/month)
- fixed price of electricity (c/kWh)
- consumption impact (c/kWh).
The basic fee and price of electricity remain fixed through the entire contract period. The consumption impact (c/kWh) varies monthly based on how you time your consumption, and is thus not fixed. The consumption impact is typically approximately between -1.5 and + 3.7 c/kWh *. The electricity contract is for a fixed term, after which your contract is automatically renewed and will remain valid until further notice. We will send you a notification of the renewal in advance.
Oomi´s customers have had an average consumption impact: +1.15 c/kWh (VAT 24%).
Oomi´s customers have had an average consumption impact: +1.15 c/kWh (VAT 24%).
*For 67% of customers, the consumption impact is between -1.5 and +3.7 c/kWh (VAT 24%).
For 95% of customers, the consumption impact is between -4.1 and +6.3 c/kWh (VAT 24%).
The average consumption impact of Oomi customers has been: +1.15 c/kWh (VAT 24%).
Sample of Oomi customer base, 95% confidence level +-0.21 c/kWh. Calculation period 1 February 2022–31 January 2023. The selected calculation period provides a correct/indicative picture of the consumption impact in terms of risks/price fluctuations.
What would you say to a fixed price electricity contract that provides you with added benefits if you time your electricity consumption to take place during the affordable hours of the day? Sounds good, right? Oomi Flex is a one-year (12-month) or two-year (24-month) fixed-term contract that combines the best aspects of fixed price and exchange electricity. Sign your new electricity contract here!
What is the consumption impact?
The consumption impact means the difference between the average price weighted with the customer’s consumption and the average exchange price. The consumption impact is dependent on the distribution of your consumption between the more affordable and expensive hours. The impact varies based on the monthly per-hour electricity consumption and the hourly prices of exchange electricity, which is why it is not fixed.
The consumption impact (c/kWh) is determined based on the Finnish regional per-hour price of electricity (c/kWh), as published by the Nordic electricity exchange (Nord Pool AS), and the customer’s hourly consumption (kWh). In other words, the consumption impact means the difference between the average price weighted with the customer’s consumption and the average exchange price.
Fixed-term electricity contract
With a fixed-term electricity contract, the price of electricity and the basic fee remain the same throughout the contract period, but the consumption impact increases or decreases the total price of your electricity bill depending on your consumption. A fixed-term electricity contract is binding for both you and us: you cannot change your contract during the contract, nor can we change the price or terms of your contract. The only valid reason for terminating a fixed-term contract during the contract period is moving, as an electricity contract is always dwelling-specific.
Why Oomi Flex?
- No need to worry about the price of electricity.
- Take advantage of the consumption impact – if you time your electricity consumption to take place during the more affordable hours of the day, you can reduce your consumption impact and thus your monthly electricity bill.
- The electricity contract is binding for both you and Oomi for its entire duration.
- You can choose to have your electricity generated from renewable or emissions-free sources.
