Oomi Product-specific terms, consumers, Nonstop
The terms will come into effect on 1 January 2023
These product-specific terms are part of the customer's contract with Oomi Oy.
The price of a continuous Oomi Nonstop contract 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. The customer will be notified of any changes to the margin and basic fee no later than 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/nonstop.
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 (Mon–Sun 7–22) and at 85% of the price for the price period during the night (Mon–Sun 22–7), 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 (valid from 7:00 to 22:00 from Monday to Saturday from 1 November to 31 March) and at 85% of the price for the price period during other times, plus the currently valid margin (c/kWh).
The variation in price periods is an essential part of the nature of the Oomi Nonstop contracts. In contrast, hour-specific changes to the price of energy in Oomi Active contracts, as well as regular price changes made to the portion of the price tied to the market price every six months in Oomi Nonstop contracts, are not the type of changes in prices, terms or conditions of which the customer will be notified in advance (SME 2014, section 8.2).