[thow-58d4e8b]

That's close to the way things work in Europe

Pricing for the next day is decided on the spot market, around 2-3 PM. All large consumers and producers place bids on one-hour slots until the market clears. Prices do not fluctuate minute-to-minute, but hour-to-hour. Consumers might opt in to electricity resellers selling spot prices, or get a fixed but usually higher guaranteed price per kWh. All that changes for the end consumer is that your electricity meter readings will be forwarded to a different company

[DocTomoe]

As an European with a fixed-Euros-per-kWh-contract (with two prices, one for daytime, one for nighttime, the latter being a bit cheaper), I'm curious - which countries allow you to get a contract in which your electricity costs get updated daily?

[juki]

Nord Pool covers a large part of Europe: https://www.nordpoolgroup.com/en/maps/#/nordic

Your actual contract would be with some local electric company that uses Nord Pool (or some other provider).

[DocTomoe]

Apparently, Nord Pool just is an electricity exchange market - I was aware those existed. I was more asking for a local electric company which changes prices daily (and allows me to know that before so I can adapt). At least in Germany, I am not aware of anyone offering that kind of contract, and I would love to see how that is implemented elsewhere.

[juki]

At least in Finland pretty much every electric company offers "pörssisähkö" contracts using either hourly or daily prices. Afaik they all provide an app to see the prices, or you can get them directly from Nord Pool.

Since German prices are on that map, I assume there are at least some companies doing that in Germany too.