Joint Procurement Electricity
The Joint Procurement Electricity contract offers electricity at a stable market price. Electricity is purchased in small quantities into the procurement portfolio. Other businesses have also joined the procurement portfolio, and procurement is made according to a strategy shared by them all. You will avoid high electricity price spikes and, due to the distributed procurement model, you will benefit from the lowest price periods in the electricity market when the price of electricity is not set for a fixed period upfront.
Who is it suitable for?
When you want your business to have a carefree and market-priced contract valid until further notice.
With Joint Procurement Electricity, even a smaller business will enjoy the same benefits of electricity procurement models as a major buyer. We carry out the electricity price fixes in the joint procurement portfolio on your behalf without separate fixing costs.
What does joint procurement mean?
In the Joint Procurement Electricity contract, electricity is purchased from the power exchange into a joint procurement portfolio in small quantities over a 12-month period, which balances the price of electricity and provides predictability in budgeting.You will have a 12-month price forecast at your disposal.
The customers of Joint Procurement Electricity are in the same portfolio, and procurement is made with a joint strategy for all customers.
How is the price formed?
The price of electricity is based on the price of energy implemented monthly in the joint procurement portfolio and on the product-specific basic charge and margin. Business prices exclude value added tax (0% VAT).
What is the duration of the contract?
The contract is valid until further notice and it is subject to a 6-month notice of termination.
Select size based on usage
Origin of electricity
The origin of Electricity is based on the production mix of electricity produced in Finland, deducted by electricity produced with energy sources with a certified guarantee of origin.
The specific carbon dioxide emissions of Basic Electricity are 232 g/kWh and the amount of nuclear fuel used 1.49 mg/kWh. Also see the origin and specific emissions of all sold electricity.
| Source of energy | % |
|---|---|
| Nuclear power | 18 |
| Fossil sources | 70 |
| Renewable sources | 12 |
The Joint Procurement electricity price forecast for the next 12 months
The price forecast consists of a protected share at the hedging price and the valuation of the open share at the closing prices of the day preceding the reporting date. The forecast includes the current Fingrid fee, the portfolio's estimated profile cost, and the product seller's margin. Value-added tax is not taken into account. The price forecast is an energy price forecast for the portfolio that does not include electricity transmission costs. The forecast for the next 12 months was prepared on April 10, 2024.
| Joint Procurement Electricity - L | Joint Procurement Electricity - M | Joint Procurement Electricity - S | |
| 05 | 4.77 | 4.79 | 4.87 |
| 06 | 5.08 | 5.10 | 5.18 |
| 07 | 4.55 | 4.57 | 4.65 |
| 08 | 4.72 | 4.74 | 4.82 |
| 09 | 4.73 | 4.75 | 4.83 |
| 10 | 5.45 | 5.47 | 5.55 |
| 11 | 5.78 | 5.80 | 5.88 |
| 12 | 6.30 | 6.32 | 6.40 |
| 01 | 8.15 | 8.17 | 8.25 |
| 02 | 7.72 | 7.74 | 7.82 |
| 03 | 6.58 | 6.60 | 6.68 |
| 04 | 4.56 | 4.58 | 4.66 |
Actual prices of Joint Procurement Electricity
Below is the monthly development of electricity prices from realized energy prices in c/kWh, excluding VAT. Energy prices include brokerage fees.
| Joint Procurement Electricity L | Joint Procurement Electricity M | Joint Procurement Electricity S | |
| 05 | 6.19 | 6.21 | 6.29 |
| 06 | 4.92 | 4.94 | 5.02 |
| 07 | 6.57 | 6.59 | 6.67 |
| 08 | 5.44 | 5.46 | 5.54 |
| 09 | 7.05 | 7.07 | 7.15 |
| 10 | 7.44 | 7.46 | 7.54 |
| 11 | 7.19 | 7.21 | 7.29 |
| 12 | 8.82 | 8.84 | 8.92 |
| 01 | 11.52 | 11.54 | 11.62 |
| 02 | 8.38 | 8.40 | 8.48 |
| 03 | 8.31 | 8.33 | 8.41 |