Electricity contract for students – affordable electricity across Finland

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How much does a Student Electricity contract cost?

A student’s budget can be tight, with expenses like rent, groceries, gym fees, and weekend activities. Therefore, the electricity bill should be as low as possible.

Vaasan Sähkö is a suitable choice for students because our electricity contract prices are generally lower than average. We also strive to keep our prices stable.

For a person living alone in a studio apartment, the estimated electricity consumption is 1,400 kWh per year.

With the Student Electricity 12-month product, you pay about 11 euros per month for electricity in a studio apartment. As a Basic Electricity customer, you would pay about 18 euros per month.

For those living with a roommate or partner in a one-bedroom apartment, the average total electricity consumption is 1,900 kWh per year.

In a one-bedroom apartment, the Student Electricity 12-month contract costs about 15 euros per month. As a Basic Electricity customer, you would pay about 24 euros per month for electricity.

The more electricity consumed, the greater the importance of the kilowatt-hour price (c/kWh) of the electricity, and the less important the basic charge of the contract.

In a shared apartment where three friends live together, the electricity consumption is about 2,400 kWh per year. In this case, the Student Electricity 12-month product costs the entire apartment about 18 euros per month. The Basic Electricity product would cost about 29 euros per month at the current price level. In this case, choosing Wind Power would only add a one euro per month.

Please note that the calculated prices are estimates. The prices of our Basic Electricity and Wind Power contracts change four times a year. The prices on this page are based on the price level of January 2025. You can check our current electricity prices here.

Also, remember that you pay separately for electricity transmission. The transmission charge depends on the pricing of your local grid company.

Open-ended or fixed-term contract?

You can choose either an open-ended contract with no commitments or a fixed-term contract where the price is agreed upon for the entire contract period. The choice of contract is a matter of preference – pick the one that feels easiest for you.

Electricity prices fluctuate over time, so it is difficult to predict which contract will be better in the long run. In both contracts, the price is determined by your electricity usage, which is often cheaper than a fixed monthly fee agreed upon in advance.

Electricity Basics for Students

When making your first electricity contract, you will definitely encounter new terms. Therefore, we have compiled a glossary related to electricity contracts and electricity bills to help you.

• Electricity bill: It consists of the price of electricity, electricity transmission service, electricity tax, and value-added tax. Additionally, a fixed basic charge is paid on the price of electricity and the transmission service, which does not depend on your electricity consumption. Electricity and transmission can also be purchased from different companies. In that case, you will receive two separate bills – one from your electricity company and another from your local electricity grid company.
• Energy charge: This is the charge based on the amount of electricity consumed. It can be compared between different electricity companies.
• Basic charge: This is a fixed part of the electricity bill that covers the fixed costs of the electricity provider. At Vaasan Sähkö, the basic charge varies depending on the product. For the Student Electricity 12-month product, it is 2.25 euros per month.
• Electricity transmission charge: This is a charge paid to the electricity grid company for the transmission of electricity. Note that electricity transmission cannot be compared between companies as it is always handled by the local electricity grid company.
• Metering type: Buildings are equipped with a metering method. You should know the metering method of your new address to make an electricity contract. If you are unsure, choose General electricity  – it is the most common metering type in apartment buildings.