Electricity contract for students
We will help you find the most suitable electricity contract for your student life. So take a short break from studying and order a smart contract in just a minute.
Fortum Tarkka
- Student electricity contract - discount on the monthly fee
- Spot-priced agreement
- You can save by scheduling your consumption at convenient times
- You can monitor electricity prices in the Fortum app
Electricity price
Hourly price + 0,59 c/kWh
Monthly fee
3,00 €/month
5,99 €/month
49,92% discount on the monthly fee for the 12 months!
Fortum app
Our app helps you use electricity smartly and reduce your costs.
Safe choice
We are the most chosen electricity company in the Nordics.
Carbon-free electricity
The electricity sold through Fortum's contracts is produced without emissions. We purchase guarantees of origin for emission-free nuclear power and renewable energy. Renewable energy includes hydropower, wind power, solar power, and bioenergy. You can also choose 100% renewable energy or 100% solar energy as an additional service
Offer for students
Student electricity - spot priced electricity contract at a discounted rate
Smarter everyday life starts with smarter choices. Take advantage of our offer and begin smarter electricity usage with our app.
Get a 50% discount on basic fee for one year
Take control of your electricity consumption with the Fortum app – track spot-prices and schedule your usage during cheaper hours
At the same time, support carbon-free electricity production
What kind of electricity contract should a student choose?
Choosing the right electricity contract is an important step towards a more economical student life. For many, studying brings budgeting and monitoring electricity consumption into daily life for the first time. However, there's no need to worry, as making the choice is easier than you might think.
Find the most suitable electricity contract for you
The best type of contract for you depends on your lifestyle, electricity consumption habits, and housing type. For example, do you live in a shared apartment with district heating? In that case, your electricity consumption is likely to be quite low. On the other hand, if you live in an electrically heated apartment, your electricity bill can increase significantly during colder periods.
Explore three types of electricity contracts and find yours:
Spot price contract:
This type of contract has an hourly updated electricity price based on the competitive price in the electricity market.
Consumption-impact contract (hybrid contract):
Combines the benefits of fixed and spot price electricity. By choosing Fortum Duo, you can influence the size of your electricity bill through consumption impact.
Fixed price contract:
As the name suggests, in a fixed price contract, the electricity price is fixed, and your bill is based on your consumption. Fortum Kesto's prices are flexible according to the market and are updated every 3 months.
It's difficult to say in advance which electricity contract is the best, and it often becomes clear only afterwards. If you want a stable price level, a fixed price electricity contract is a good choice. If you travel abroad for a longer period, spot price electricity is a very good choice, as your consumption will be minimal. Can you plan your daily life flexibly, for example, doing laundry when electricity is cheapest? In that case, spot price electricity is a recommended option.
How much does electricity cost for students?
The size of your electricity bill is influenced by many factors: the size of your apartment, housing type, electricity consumption habits, and the type of electricity contract.
For students living in a studio apartment, the Fortum Tarkka spot price electricity contract costs on average about 12 – 16 €/month. (The calculation includes a 6-month discount on basic fees, worth 29 €.) The example calculation is based on the average spot price electricity for 12 months (6.76 c/kWh) until January 27, 2025, and includes Fortum's margin of +0.69 c/kWh. Annual consumption is based on typical electricity consumption in studio apartments, which is 1400 - 2000 kWh in the calculation.
How do electricity and distribution companies and electricity contracts differ from each other?
Fortum is an electricity retailer, i.e., an electricity company that sells electricity. When you sign an electricity contract, you sign it with the electricity retailer. As a consumer, it is also good to note which electricity network company is responsible for your electricity distribution. As a consumer, you cannot influence the choice of your electricity distributor, as it is automatically determined based on your location. The electricity network company is responsible for electricity distribution and the maintenance and development of the electricity network. The electricity distribution fee is a separate fee that consists of a basic fee and a consumption-based part.
Finding the right electricity contract isn't difficult – quickly discover the best option with Fortum's free electricity contract test: Find the best for you here.
Generally, when choosing an electricity contract, it's worth considering your lifestyle and housing type. Do you have the ability to schedule your electricity usage to cheaper time periods? If so, then a spot priced electricity contract might be the smartest choice for you.
On the other hand, if you live in student housing where the electricity bill is shared among residents, a fixed price contract might be the sensible choice for you.
Finding the cheapest electricity contract requires a bit of research: So, consider your electricity consumption habits and needs to ensure the contract suits your student life. Here's a brief overview of Fortum's most popular electricity contracts:
Spot price contract: This type of contract has an hourly updated electricity price based on competitive pricing in the electricity market. Generally, spot price electricity is a cheaper option in the long run compared to fixed price contracts.
Consumption-impact contract: If you want to have an influence to your bill but prefer to avoid larger price peaks, a hybrid contract is your choice. By scheduling your consumption during the hours when electricity is cheapest, you can reduce your bill. Consumption impact can also increase your bill if your electricity usage is concentrated during more expensive hours. (Typically, Fortum Duo customers' consumption impact annually has ranged between -1 c/kWh and +1 c/kWh.)
Fixed price contract: Offers predictability, as you always know how much you pay for electricity. Fortum Kesto provides stability in daily life but is flexible according to the market, as electricity prices are updated every three months. A fixed price contract is especially suitable for shared apartments where the electricity bill is divided among several residents.
It's advisable to sign an electricity contract well in advance. Starting your studies can be quite hectic, so good preparation pays off. Once you've found an apartment in your study location, the next step is to order an electricity contract.
Did you know that some student apartments come with a pre-arranged electricity contract for students? However, this is not always the case, as in private rental apartments, the tenant is often responsible for the electricity contract. So, order your electricity contract well in advance to ensure that the electricity is turned on in your apartment on your moving day.
No. Your moving location doesn't matter in tendering an electricity provider, as most Finnish electricity companies operate nationwide. Therefore, you can freely choose where to get your electricity contract from.