Terms and conditions of continuous contracts as of 1 January 2023
The price of a continuous contract adjusted every six months is formed from the portion of the energy price of electric derivatives that is tied to the market price as well as the vendor’s margin, basic fee and value-added tax.
The portion of the contract that is tied to the market price changes regularly every six (6) months correspondingly to the change in the spot price of electricity, without a separate notification. The vendor’s margin and basic fee are as declared during the signing of the contract and as confirmed in the contract confirmation notification. The customer will be notified of any changes to the margin and basic fee no later than two (2) weeks and on the part of consumers, one (1) month before the change comes into effect.
The price periods tied to the market price are 1 January–30 June and 1 July–31 December. The price is announced by 30 November for the period 1 January–30 June and by 31 May for the period 1 July–31 December. In accordance with the schedule above, the prices can be viewed before their effective dates at oomi.fi/companies-prices.
The price is determined before the price period based on the quarterly products Q1–Q2 and Q3–Q4 that are quoted on the Nasdaq OMX Commodities electricity exchange and that correspond to the price period as follows:
- Price period 1 January–30 June.
The system price (ENOFUTBL) and the electricity price area differential (SYHELFUTBL) for the quarterly products Q1 and Q2 are determined as the average of the daily closing prices during the previous time period of 15 May–15 November before the price period.
- Price period 1 July–31 December.
The system price (ENOFUTBL) and the electricity price area differential (SYHELFUTBL) for the quarterly products Q3 and Q4 are determined as the average of the daily closing prices during the previous time period of 16 November–15 May before the price period.
The price for each quarter is calculated by adding up the system price and electricity price area differential in the manner described above. The price used for each price period in invoicing is calculated by taking the winter quarter (Q1 and Q4) corresponding to the price period into account at the weight value of 65% and the corresponding summer quarter (Q2 and Q3) at the weight value of 35%. The vendor’s margin (c/kWh) is added to the price calculated in the manner described above, in addition to which the customer is invoiced the basic fee (€/month) and value-added tax.
Time-of-day electricity is priced at 110% of the price for the price period during the day and at 85% of the price for the price period during the night, plus the currently valid margin (c/kWh).
Seasonal electricity is priced at 115% of the price for the price period during the day in winter and at 85% of the price for the price period during other times, plus the currently valid margin (c/kWh).