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All end users are free to choose electricity

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Unformatted text preview: rease in household prices for many in the beginning of 2003. A normalised reservoir situation resulted in declining prices later that year. Also in the last half of 2006, lower inflow led to higher prices in both the spot market and the end-user market. However, above-normal precipitation in the period from November to January resulted in falling prices in first quarter of 2007. All end-users are free to choose electricity suppliers and contract types. The most common contracts for households have prices that vary according to market conditions. In 2006, 57.8% of households had contracts with variable prices, which meant that the power suppliers could change the price according to market conditions, given that they announce this two weeks in advance. 25.4% of households had Elspot-based contracts, for example a contract that charges the Elspot price plus a fixed mark-up. The remaining household customers had various types of fixedprice contracts. A fixed price, for example over one year, means that the power supplier cannot alter t...
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