Electricity prices Monday, 27 May 2024

Today's Electricity Prices: A Mix of High and Low

On May 27, 2024, electricity prices in Sweden have fluctuated significantly throughout the day, ranging from negative prices to over 68 öre per kWh. Here is a summary of today's electricity prices:

Electricity Prices Throughout the Day

During the night and early morning, electricity prices were relatively low, ranging from 18 öre to 24 öre per kWh. By midday, prices dropped even further, reaching their lowest point at 13:00-13:59 with only 1.69 öre per kWh.

Prices then rose significantly in the evening, reaching a peak at 20:00-20:59 with a whopping 68.99 öre per kWh. An interesting note is that the electricity price at 23:00-23:59 was negative, meaning you actually get paid to use electricity during this time.

Free Electricity: A Golden Opportunity

During the cheapest hour, 23:00-23:59, it costs nothing to take a shower, bath, charge your car, or play games. This is a perfect opportunity to engage in energy-intensive activities without having to pay for the electricity.

Examples of Costs During the Cheapest Hour

We have calculated that during the cheapest hour of the day today, a shower costs -27 öre, a bath costs -41 öre, washing dishes with the dishwasher costs -10 öre, and charging an electric car costs -419 öre. Playing games on a computer consuming 500Wh costs -3 öre.

Tomorrow's Electricity Prices: What to Expect?

Tomorrow, May 28, 2024, electricity prices are expected to range between 2.55 öre and 50.52 öre per kWh. The morning starts with a price of 26.66 öre per kWh at 00:00-00:59 and reaches its lowest point at 04:00-04:59 with only 2.55 öre per kWh.

Electricity Prices Throughout the Day

Prices rise significantly during the morning and reach their peak at 07:00-07:59 with 50.52 öre per kWh. Thereafter, prices fluctuate somewhat during the day, with another peak at 20:00-20:59 at 49.03 öre per kWh.

Tips for Saving Money

To maximize savings, it may be wise to plan energy-intensive activities during the cheaper hours of the day. For example:

• Run the dishwasher at 04:00-04:59 when prices are at their lowest.
• Charge your electric car at night or early morning to avoid the high prices during the day.
• Avoid using a lot of electricity during the most expensive hours, especially at 07:00-07:59 and 20:00-20:59.

Examples of Costs at Different Times

We have calculated that during the most expensive hour of the day today, a bath costs 413 öre, washing dishes with the dishwasher costs 103 öre, and charging an electric car costs 4139 öre. Playing games on a computer consuming 500Wh costs 34 öre.

Interesting Facts About Electricity Prices and Utility Companies

Did you know that if we had the lowest electricity price all year round, it would cost -1257 kronor to heat a medium-sized house of 160 sqm? This is based on an annual consumption of 18000 kWh. However, if we had the highest electricity price all year round, the cost of heating would be 12419 kronor.

Electricity prices are influenced by many factors, including weather conditions, supply and demand, and international energy markets. It is therefore important to stay updated on the latest electricity prices and plan your energy consumption accordingly.

By being aware of when electricity prices are at their lowest and highest, significant savings can be made on your electricity bill.