The rates of fixed-rate electricity plans with no early termination fees have fallen to essentially the same price per kilowatt-hour as the universal electricity service — and some have even dipped below that.
To alleviate the impact of skyrocketing electricity prices, the government established a universal service last fall allowing buyers to purchase electricity at a controlled price.
According to an online price comparison portal, the universal service is currently offering prices in the range of 19.95-20.11 cents per kilowatt hour. This price is inclusive of VAT, however some providers are tacking a monthly fee on top of that. Currently, the cheapest is the universal service being offered by VKG Elektrivõrgud.
Of fixed-rate plans, cheaper prices are being offered in plans that also include an early termination fee, however electricity providers are also offering consumers fixed-rate but more expensive plans whose contracts don't include such a fee.
The price of such plans has been coming down recently, and 220 Energia is currently offering the lowest price per kilowatt-hour, having dropped even below the universal service price: a daytime rate of 22.90 cents and nighttime rate of 15.90 cents per kilowatt-hour, making for an average of 19.40 cents per kilowatt-hour.
Elektrum is likewise offering a fixed-rate plan that is cheaper on average than the universal service: their dual-rate plan includes a daytime rate of 21.52 cents and nighttime rate of 15.91 cents, averaging 19.57 cents per kilowatt-hour.
Alexela is currently offering customers two fixed-price options, both of which are dual-rate: the first includes a daytime rate of 23 and nighttime rate of 16 cents per kilowatt-hour, the second, a daytime rate of 22 and nighttime rate of 15 cents per kilowatt-hour plus a monthly fee of €3.49.
VKG Elektrivõrgud stopped offering clients fixed-rate contracts last summer already. Neither Eesti Energia nor Eesti Gaas are currently offering fixed-rate electricity plans on their respective websites that don't include an early termination fee.
Universal service customers can opt out of it or switch back to it at any time.
Editor: Aili Vahtla