Are you unhappy with your current electricity contract? If yes, then you are probably preparing for a hunt for a new one. Finding the perfect solution may not be easy, especially if you haven’t previously had to make these types of choices, but that doesn’t mean that you won’t be able to find the best solution. It’s just that, you will have to put some effort into it.
Given that you’re here, chances are you’re looking for a spot price contract. You may have heard from other people that this is the perfect solution and that you can benefit greatly from such a contract, or you may have come across some pieces of information online that praise the spotpris strøm contracts. In any case, chances are you’ve made the decision already, and now you just want to go through the right steps towards finding the contract that will be best for you.
And, by best, you probably mean the cheapest. Of course, there are other factors to consider as well, but we can’t deny the fact that the price is a big one and that you would much rather opt for a cheap than for an expensive solution. After all, we all have our budgets to worry about and chances are that you’re unhappy with the current solution specifically because it is expensive, so it is no wonder that you’re now looking for the billigste one.
Sure, you can also take some measures to reduce your consumption and thus start seeing lower bills, such as those talked about on this website. But, how about you learn how to find that cheap spot price electricity contract? You are probably eager to do it as soon as possible, so that you can enjoy lower amounts on your bills. And, if you’re ready to do the learning, you should read on, because below I’ll provide you with some tips that will take you through the searching and choosing processes, helping you make the best decision.
But First, What Is the Spot Price?
Before we get to that, though, we absolutely need to make sure that you understand the spot price in the first place. You may have heard about it already, and you may have found some pieces of information online, but you may also be wondering what it is that makes it superior to the fixed price and why it is, thus, that you should opt for it. Understanding the concept clearly will lead to understanding all of that as well, so let’s learn a bit more about it.
In the simplest words possible, the spot price is the same price of electricity that is on the Nord Pool, meaning that, with a spotpris contract, you pay the same rate as the suppliers of electricity pay when buying it with the aim of reselling it to the end consumers. You can probably understand right away why that is favorable. You basically buy at market price.
The thing to know is that the market price fluctuates. And, on a daily basis for that matter. What does this mean for you specifically? In short, it means that you won’t always be paying the same price, due to those fluctuations. The fluctuations depend on the supply and the demand, as you may have guessed it already, which is why the prices are bound to be higher in winter months and lower during the spring and the summer.
Tips for Finding the Cheapest Spot Price Electricity Contract
Having understood the spot price, you are now probably ready to learn about how to find that perfect contract. As explained, this may take a while, but if you play your cards right and take the important steps towards this, you will absolutely get to make the best choice and thus be happy with the contract you’ve agreed on. So, let me take you through those steps and thus aid you in your hunt for the perfect agreement.
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Talk to Other Users
The great thing about electricity in this context is that everyone uses it. Meaning, therefore, that you will have someone to talk to when trying to find the best contract solution for yourself. Other people may be able to share their recommendations, and you should listen to those, especially if you notice that the individuals talking are completely happy with the prices they’re paying and with their energy bills in general.
On the other hand, some individuals may express dissatisfaction with their bills as well. In that case, you should hear them out as well and remember the names of the providers they are working with, aiming at avoiding them if you find that their solutions are unfavorable. The bottom line is that talking to the people you know can open up some doors and get you familiar with some suppliers that could be great, as well as with some that may not be that good. Both pieces of info will come quite in handy, so pay attention to what people are saying during those conversations.
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Search Online
The conversations you will have above with those other people will certainly be helpful. Yet, they are not the only sources of information to rely on. Quite on the contrary, you should do your own searches as well, because the individuals you’ll talk to definitely won’t be familiar with all the suppliers that exist on the market. It is your task, thus, to find as many suppliers as you can that offer spot price electricity contracts, and to make a list of the possible ones.
Don’t hesitate to add as many names to that list as you want. You’ll be narrowing it down in the rest of the process, don’t worry. Thus, use this step, together with the step above, to form a comprehensive list of potential suppliers. Once you’re done creating the list, it will be time for you to go to the next stage of the process – the stage of thorough research.
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Research the Suppliers in Details
What does the thorough research look like, though? Well, first things first, it involves the process of researching the actual suppliers in greater details. Start by checking out their official websites, and check, first of all, if they offer spot price contracts, which is what you want. Then, it won’t hurt to check their experience either, as well as gather any other pieces of information that you believe could come in handy in your decision making process.
Remember to check the reputation of the potential suppliers as well. This is because you want to choose those that other clients have been happy with. In addition to checking the reputation by talking to other people, you can also do it through reading some reviews that may have been written about one supplier or another online. The reviews will undeniably be of great help in the process of checking reputation, so don’t ignore them.
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Use Comparison Websites
The thing that will help the most is, of course, the part of using comparison websites to check out the different suppliers and their various contracts. As you’ll see when you visit bestestrøm.no/spotpris/ or some other great websites, these can serve to get you better acquainted with spot prices and other concepts used on the electricity market as well, in addition to helping you ultimately choose the right supplier and the right contract for you. Great sites will practically offer you all the information you need, which will make the choosing process a lot easier.
What you should keep in mind, though, is that the goal here is in finding reliable and trusted websites to use as your sources of information. The great thing is that there are a few of those you can find quite easily, using your browser. But, always be cautious and always choose to trust those sites that are objective and that provide you with factual information about the different suppliers you are considering, and about the contracts you can get from them. The right comparison websites will help you easily assess the quality of the different solutions, which will ultimately lead to making your decision.
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Compare Surcharges
When doing the comparisons, you should know what to focus on. Since you’re looking for a spot price agreement, there is no point in comparing the prices, because those will be the same as on the Nord Pool, and they will fluctuate daily. There is, however, a point in comparing the surcharges added by various suppliers, because those will be different. Sure, the surcharges have to be paid, and it is your task to find contracts that come with reasonable ones, because you ultimately want to choose the billigste spotpris strøm solution for yourself.
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Check the Binding Periods
Some of these agreements may come with binding periods, and others may not. You have to check what different suppliers offer in that regard. There is nothing wrong in binding periods, but you need to be sure that you’re ready to agree to cooperating with a specific supplier for a certain period of time before making any concrete decision. So, check the binding periods and decide if those work for you.
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Take All the Info Into Account and Choose
When you have taken the time to get all the necessary information about the various electricity suppliers and their spot price contracts, you will simply have to compare those contracts and then make your ultimate choice. After you’re sure you’ve made the best choice, get in touch with the suppliers. Express your intentions of working with them, let them make you a contract offer and agree on all the details. If you’ve done everything right, you’ll be much happier with your new agreement.