What Should You Know About Electricity Comparison?

March 7, 2022
Photo by Robert Linder on Unsplash

Many of us are interested in getting a better understanding of how much energy our country consumes, where it comes from, and whether or not we are making progress toward decarbonizing our energy mix. Consumers and other small customers can compare electricity costs using a tool provided by the Energy Authority. 

When it comes to sähkön vertailu, you can compare the electricity contract items offered by different electricity suppliers depending on the postal code of the location where electricity is consumed. Every electricity supplier submits information about the electricity prices and contract terms on which they usually offer products to consumers and other small customers.

What Are the Components of Electricity Price?

With electricity, the price is divided into three parts:

  • The price of electricity network service
  • The cost of electrical energy
  • The taxation charges

According to most estimates, each component contributes around one-third of the overall cost of power. The proportions may differ depending on where electricity is consumed and the volume of electricity consumed.

The network service comprises delivering power to a consumer’s residence and the upkeep of electrical distribution networks and transmission lines. You will not be able to shop around for a better deal on the network service.

Electricity Network Service Charge

The electricity network service package includes distributing power to a consumer’s house and the maintenance of electrical networks. When the owner of an energy network takes payment to maintain and develop the network, this is referred to as an electricity network service charge.

From which network operator’s network does the electricity originate? It all depends on where the electricity is being consumed. Switching network operators to get a lower price on the network service is not possible. It is common for around half of the total electricity cost to be accounted for by the electricity network charge (including tax).

Monitoring the Price and Consumption of Electricity

Your electricity bill includes a breakdown of your real consumption as well as a summary of the actual price. Multiple online services help you keep track of your electricity consumption and prices. You can also compare whether you have saved on your electricity bill due to your actions. For example, you can compare energy with a flat cost vs. a variable one.

When you enter your search terms, an electricity-comparison price tracker will hunt for electricity items that are acceptable for you based on those terms. By selecting the product name, you will be taken to a page with more extensive information on the product and the contact information for the electricity supplier.

Shopping Around for Cheaper Electricity

Begin by comparing power providers and their offerings on their dedicated websites. You will need to know the area’s postal code where you use electricity to compare electricity. It is possible to check your annual electricity usage volume on your electric bill. 

Once you have determined the electricity cost, choose the most suitable electricity supplier. You can contact them by phone or by completing an electrical contract order form on their website.

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