Exchange electricity soon also in eParking!
Soon, it will also be possible to introduce exchange electricity pricing in eParking! The exchange electricity feature has been desired for a long time, and it is finally coming to eParking as well.
What is exchange electricity?
Exchange electricity is an electricity contract where the price of electricity is determined according to the market prices that change hourly on the electricity exchange. Unlike traditional fixed-price contracts, the price of exchange electricity is not predetermined, but varies according to supply and demand.
In order for the property to be able to use stock exchange electricity, it must enter into a stock exchange electricity contract with the electricity company of its choice. The introduction of exchange electricity does not require changes to the property's electrical systems, but is a contract-related change.
The price of electricity is typically at its lowest at night and on weekends, when electricity consumption is lower. During peak consumption times, such as weekday mornings and evenings, the price may increase. The price of electricity on the exchange is also affected by many other factors, such as weather conditions and fuel prices.
Why should you choose invoicing according to stock exchange electricity?
Switching to exchange electricity can be a smart choice for many electric car drivers and other consumers who want to save on their electricity bill and influence their own electricity consumption.
There are many reasons for choosing stock exchange electricity!
The average price of exchange electricity is often lower than the price of fixed-price contracts. By scheduling charging and other electricity use for more favorable hours, the consumer can save significantly on the electricity bill.
Exchange electricity encourages you to monitor electricity price fluctuations and adjust your consumption accordingly. This can help reduce electricity consumption and reduce the carbon footprint.
Exchange electricity pricing is transparent, as the consumer can see in real time how much electricity costs. This can help make more informed decisions about electricity use.
Exchange electricity is particularly suitable for consumers whose electricity consumption is flexible, i.e. consumers can shift part of their consumption to more affordable hours.
Content of the exchange electricity service in eParking
Electricity : Billed to the user according to the price of electricity on the market.
Fixed price : The customer can define a fixed price according to consumption (for example, an estimated average transfer price). The customer must define this price himself, and it should be evaluated based on, for example, the transfer price of his own electricity grid company.
Commission : The customer can define a percentage commission that is added to the price of exchange electricity. The final price therefore consists of the exchange electricity price and the specified commission.
Example: The consumed energy is billed according to the price of electricity on the exchange, the fixed price is estimated to be 8 cents/kWh and the commission is 10% in addition to the price of electricity according to the exchange electricity.
Conditions for introducing exchange electricity in eParking
The use of exchange electricity in the eParking service requires a few things:
Devices with newer eTolppa technology: charging devices in the property must be devices with newer eTolppa technology . These devices support exchange electricity, and the customer's billing goes correctly. If you are not sure whether the devices in your property are newer eTolppa technology, you can check with our sellers .
The electricity contract for the property or the charging station must be based on stock exchange electricity.
You can check the compatibility of your devices with exchange electricity pricing from us. The exchange electricity feature will initially only work with certain devices, but we are constantly developing the feature so that new devices can work with Exchange electricity. Please note that, for example, the charging devices of older electric cars are not necessarily compatible with the Exchange electricity feature.
How can I use the exchange electricity feature?
The exchange electricity service can be ordered from eParking in the same way as other operating services. The property representative orders the service from eParking. If you want to ask more about exchange electricity or order the feature to be used in your property, contact our sales team .
Ruoholahti Parking is piloting eParking's exchange electricity service
Ruoholahten Parking Oy took eParking's exchange electricity service into use on September 1, 2024, and was the first to pilot the service in Finland. Ruoholahti Parking is a large parking complex in Ruoholahti, Helsinki, which includes four parking garages, parking facilities and 25 separate parking areas. In total, Ruoholahti Parking has more than 1,200 parking spaces, each of which has a charging and heating device. You can read more about Ruoholahti's parking complex in our blog post .
Ruoholahti Parking has been involved in developing the exchange electricity feature together with the operator of eParking services IGL-Technologies Oy. In the future, the exchange electricity feature will enable customers of Ruoholahti Pysäköinn to optimize the charging and heating of their cars for those times when exchange electricity is the cheapest. Ruoholahti Parking wanted to participate in the development and piloting of the exchange electricity feature, because according to research, motorists value concrete savings in the consumption of electrical energy. Ruoholahti Parking wants to meet the needs and wishes of motorists by testing eParking's future exchange electricity feature. Based on the experiences and feedback received from Ruoholahti, the exchange electricity feature will be further developed to be even better and more functional. The feature will be available at the end of 2024.
