Electricity prices Sunday, 9 Jun 2024

Today's Electricity Prices: Free Electricity for Several Hours!

Today, on June 9, 2024, we have seen a sensational development in electricity prices in Sweden. For several hours, the electricity price has been negative, which means that consumers actually get paid to use electricity. This is an excellent opportunity for everyone to take advantage of cheap or even free electricity.

Free Electricity Between 08:00 and 17:00

During the cheapest hour today, between 14:00 and 14:59, the electricity price is -42.52 öre per kWh. This means that it costs nothing to take a bath, shower, charge the car, or play games during this hour. Here are some examples:

• Showering costs -170 öre (4 kWh)
• Taking a bath costs -255 öre (6 kWh)
• Running the dishwasher costs -63 öre (1 kWh)
• Charging an electric car costs -2551 öre (60 kWh)
• Playing games on the computer costs -21 öre (0.5 kWh)

More Expensive Electricity in the Evening

Electricity prices rise significantly later in the evening. Between 21:00 and 21:59, the electricity price is 19.98 öre per kWh. Here are some examples of what it may cost during this expensive hour:

• Showering costs 80 öre (4 kWh)
• Taking a bath costs 114 öre (6 kWh)
• Running the dishwasher costs 20 öre (1 kWh)
• Charging an electric car costs 12 kronor (60 kWh)
• Playing games on the computer costs 10 öre (0.5 kWh)

Tomorrow's Electricity Prices: Prepare for High Costs

Tomorrow, on June 10, 2024, we see a significant increase in electricity prices. During the most expensive hour, between 20:00 and 20:59, the electricity price is a whopping 63.46 öre per kWh. Here are some examples of what it may cost:

• Showering costs 254 öre (4 kWh)
• Taking a bath costs 380 öre (6 kWh)
• Running the dishwasher costs 95 öre (1 kWh)
• Charging an electric car costs 38 kronor (60 kWh)
• Playing games on the computer costs 31 öre (0.5 kWh)

Tips for Saving Money

To save money on your electricity bill, try to plan your most energy-intensive activities during the cheapest hours. Here are some recommendations:

• Dishwashing: Run the dishwasher early in the morning between 05:00 and 07:00.
• Showering and Bathing: Plan your showers and baths between 08:00 and 17:00.
• Charging the Electric Car: Charge your car during the night or early morning hours to take advantage of lower prices.
• Playing Games: Play games on the computer during the hours when electricity prices are at their lowest.

Interesting Facts about Electricity Prices

Did you know that if we had the lowest electricity price throughout the year, it would cost -7653 kronor to heat a medium-sized house of 160 sqm? This is based on an annual consumption of 18000 kWh of energy. On the other hand, if we had the highest electricity price throughout the year, it would cost 11423 kronor.

The Role of Electricity Companies

Electricity companies play a significant role in managing electricity prices by balancing supply and demand. During periods of high supply and low demand, prices can become negative, as we see today. This is an opportunity for consumers to save money and for electricity companies to efficiently manage their surplus.

Future Forecasts

With the increasing share of renewable energy in the grid, such as wind and solar power, we can expect more periods of negative electricity prices. It is therefore important for consumers to be aware of the variations in electricity prices and plan their energy use accordingly.

Stay tuned for our daily updates on electricity prices to optimize your energy usage and save money!