Residents express concerns over hybrid electricity contracts in Finland

Residents in Finland are expressing concerns over new hybrid electricity contracts promoted by energy companies. Maija-Liisa Liipo from Merikarvia, who relied solely on solar energy this summer, received a meager compensation of just 0.26 euros (26 cents) for her electric usage, highlighting the shortcomings of these agreements. Other consumers have voiced similar frustrations, noting they struggle to achieve the advertised savings by shifting their electricity usage to cheaper periods.

The hybrid contracts aim to combine fixed and market-based electricity prices, promising savings through strategic consumption, but many customers report little to no financial benefit. Liipo stated, “Do not get any advantage from the hybrid electricity contract, even when using electricity during lower market rates,” emphasizing her discontent with rising fixed fees and grid charges.

In response to an influx of inquiries after a recent report on these contracts, the Consumer Association of Finland is launching a survey to gather consumer feedback. Secretary Juha Beurling-Pomoell voiced concerns that many individuals may not fully understand the terms of these contracts, which complicates their ability to exit them when dissatisfied.

Jaana Vartiaisen from Loimaa, another hybrid contract holder, described the experience as disappointing, with her family seeing minimal savings despite efforts to optimize their usage. Similarly, Lauri Siiramala from Kuopio pointed out that the contract favors homeowners more than apartment dwellers, where managing electricity use around fixed schedules can be challenging.

While some customers like Roy Tubb have opted for renewed hybrid agreements, citing slightly lower fixed costs, many are still left questioning the true benefits. As winter approaches, the sustainability of these contracts remains to be seen.