Si Opp Strømavtale: How to Cancel Your Power Agreement & Get a New One

Are you unhappy with your electricity bills recently? Well, you’re not alone. A lot of people are complaining, and we cannot deny the fact that there is not much we can do about those increases, since the world in global is struggling with power prices, so it is no wonder that Norway has the same issues.

Of course, that doesn’t automatically mean that there is absolutely nothing you can do to improve your specific situation and that you should just make peace with the fact that your bills are going to be high.

There are things you can do so as to make the situation better. And, no, I am not talking only about some of those power saving tricks you can use at home, although there is no denying the fact that they could help as well.

Switching the lights off whenever not using them, setting the thermostats right on your heating devices, as well as possibly investing in energy efficient devices is all bound to help. In fact, it could help quite significantly.

Yet, that is not the only thing that is in your power. If you are really unhappy with the bills and with your current situation regarding the amounts of money you’re spending on electricity, it may be time for you to cancel the contract you’ve previously made with one provider or another.

Canceling the contract – does that mean that you should just learn how to live without electricity and say goodbye to it altogether? While it may sound like that, it is certainly not what we had in mind.

Living without electricity is not the smartest idea because it is simply impossible nowadays. Okay, over time, you would probably get used to some aspects of it, but the truth is that it would be a huge struggle.

And, while it is true that you would like to see lower electricity bills, it is also true that you don’t want to struggle. So, this is not the solution I have had in mind when I mentioned that you could cancel the agreement with the provider.

What did I have in mind, then? In the simplest words possible, what you have to do is terminate the contract with the current provider and find a new one that will offer you a better deal and that will, thus lead to you being more satisfied with the new contract and the new electricity prices.

The key is, thus, in canceling one agreement and getting another. That way, you will have power, and you won’t have to live like a caveman, but you will also get to see some improvements on those bills, which is what you precisely want.

Have you recently been thinking about terminating the contract you have right now and getting a new one? If yes, there is a chance that you don’t really understand how the process goes and what it is that you should expect during the termination procedure, as well as the procedure of getting a new agreement.

This is completely normal. And it is also why below I will answer some of the questions you may have and give you a clearer idea about how to terminate your contract and get a new one. If you go to https://bestestrøm.no/slik-avslutter-du-strømavtalen/ or a similar useful source, for example, you will further realize that this process isn’t that complicated, although it dos require you to put some effort into all of it, as you’ll quickly see.

Do You Have to Pay?

Probably the first thing you will want to know is whether you will need to pay for the termination of the agreement. There is no clear answer to this question because is all depends on the actual type of contract you have previously signed.

So, while someone else might have paid something, you could end up not paying anything at all and vice versa. This is why relying on what other people tell you is not the best idea, because everyone could have a different experience.

In most cases, though, terminating this particular contract is free of charge. There are exceptions to that rule, though, as you will see in a couple of minutes, but the truth is that most people don’t have to pay anything in order to cancel the agreement and the cooperation.

This is because most people go for the spot price agreements, and spot price agreements usually don’t come with any binding periods. In any case, the best thing to do is check with your specific provider and ask them directly if you would have to pay for the termination.

What If There Is a Binding Period?

As you may have guessed it, and as I have mentioned it, there is an exception to the rule that paying for termination is unnecessary. Although, this shouldn’t actually be called an exception. It is nothing else but a condition of a specific agreement type you have signed. An agreement that comes with a binding period.

The binding period is actually the period during which you are bound to remain with one strøm provider or another, so if you decide to cancel the agreement before that period is over, you will be charged a certain fee.

The binding periods are usually associated with fixed price agreements. Apart from that, they differ from one provider to another. Meaning that you could be bound for a few months, or even for a few years, depending on the provider you have agreed to work with and on the actual agreement you have signed.

How Big Are the Fees?

How big will the fees be in those instances, though? What is it that you should expect? Well, once again, this depends. I cannot exactly tell you how much you will have to pay, because that will depend not only on the provider you have chosen, but also the time left on the binding period.

Naturally, the more time there is left before the binding period expires naturally, the more you will have to pay for terminating the actual contract.

How to, Then, Cancel the Agreement?

So, let us not get back to our main question for the day. How can you, thus cancel your power agreement? This is something you will have to do if you are planning on getting a new agreement and thus making your situation with the bills much better.

There are various reasons why you may want to do it, but most of those are connected to the fact that you are unhappy with the actual amounts you’re seeing on your electricity bills. Whatever the reasons are, though, you’ll need to know how to do it right.

The great thing, though, is that this really isn’t difficult at all. When you have taken the time to think about it, all you will need to do is inform the provider you’ve been working with and let them know that you want to terminate the agreement. There will be a quick procedure of doing it, especially so if there is no binding period you have to worry about.

Even if there is a binding period, though, everything will still be rather quick and easy. The provider will inform you about how much you have to pay so as to terminate the contract, you will make the payment, and things will go smoothly from there.

In any of these two cases, you can expect the procedure to be fairly quick, meaning you should start searching for your new provider and new agreement even before you inform the old provider that you’re terminating the contract with them. This way, you won’t have to spend any time whatsoever without electricity in your home.

How to Get a New One?

Now, the next important thing you are wondering is how you can actually get a new agreement and ensure that it is a great one. This is a process that you should take your time with, because choosing on the spur of the moment can only lead to you being completely unhappy with the bills all over again.

Since you want to try and lower your electricity bills, you will need to keep that in mind when trying to choose the new power agreement for you. Check out different providers and have a close look at the prices and the agreement types they are offering.

Decide on the agreement type you prefer – the spot price or the fixed price one. Remember that the latter usually comes with a binding period, while the former one has proven to be the most cost-effective one in the long run, even though the prices will fluctuate significantly from one period to another.

Having chosen the type of the agreement you want, proceed to comparing the offers you will receive from different providers. Once the comparisons are done, you will be ready to select the best option for you, and ultimately make a choice and start enjoying your new electricity contract.