Smart Electricity Choices: Essential Tips Before Your Move

Moving to a new home can be overwhelming, with countless details to manage. One aspect that often gets overlooked until it’s too late is setting up an electricity contract. According to a survey by Norstat, 43 percent of Swedes wait until after they move in to secure an electricity contract, which can lead to unnecessary costs. Before getting electricity connected in your new residence, it’s essential to understand that you need two contracts: an electricity network contract with the company that owns the power grid in your area, and an electricity trading contract with the provider from which you’ll purchase electricity. Failing to set up your contract beforehand means that the electricity network company will assign you to an electricity trader. This assigned contract often comes with a higher price tag and is rarely advantageous. Jens Berggren, a climate coach at Vattenfall, emphasizes that many people are unaware they’ve received an assigned contract, noting, "You do get electricity, but at a significantly higher price." To avoid this scenario and save money, Berggren suggests that you start looking for electricity contracts as soon as you have a moving date or at least ten days before your move. This proactive approach allows you to explore various options and find a contract that best fits your needs. When selecting an electricity contract, consider what works best for you — a fixed, variable, or mixed pricing model. A fixed contract offers stability with the same cost per kWh for the agreed period, shielding you from market fluctuations. On the other hand, variable contracts can provide savings but require careful monitoring of daily consumption based on quarter-hourly pricing or monthly changes. For those who find it tough to decide between fixed and variable rates, mixed electricity contracts offer a bit of both worlds, combining elements of fixed and fluctuating prices based on market trends. However, no matter which contract you choose, your consumption habits will play a crucial role in your overall costs. Remember, the cheapest kilowatt-hour is the one you don’t use. Berggren states that families can save approximately 200 kWh per year by maximizing their appliances — running full loads in dishwashers and washing machines instead of doing smaller, individual loads can make a big difference in your electricity bill. In conclusion, take the time to understand your options and choose an electricity contract that fits your lifestyle. Planning ahead can lead to significant savings and peace of mind as you settle into your new home. Related Sources: • Source 1 • Source 2 • Source 3