Electricity prices Thursday, 4 Jul 2024

Electricity Prices in Sweden: Today's and Tomorrow's Forecasts

July 4, 2024, offers an interesting day for electricity prices in Sweden. With prices varying significantly throughout the day, there are good opportunities to save money by adjusting your electricity consumption to the cheapest hours. Here is a summary of today's and tomorrow's electricity prices.

Today's Electricity Prices

Today's electricity prices range from as low as free to as high as 43 öre per kWh. Here is an overview of the prices during different hours:

• 00:00-00:59: 43 öre
• 01:00-01:59: 34 öre
• 02:00-02:59: 29 öre
• 03:00-03:59: 20 öre
• 04:00-04:59: 11 öre
• 05:00-05:59: 11 öre
• 06:00-06:59: 30 öre
• 07:00-07:59: 34 öre
• 08:00-08:59: 35 öre
• 09:00-09:59: 27 öre
• 10:00-10:59: 7 öre
• 11:00-11:59: 5 öre
• 12:00-12:59: 3 öre
• 13:00-13:59: 1 öre
• 14:00-14:59: Free
• 15:00-15:59: Free
• 16:00-16:59: -0.01 öre (you get paid)
• 17:00-17:59: 2 öre
• 18:00-18:59: 13 öre
• 19:00-19:59: 31 öre
• 20:00-20:59: 34 öre
• 21:00-21:59: 31 öre
• 22:00-22:59: 26 öre
• 23:00-23:59: 22 öre

Tomorrow's Electricity Prices

Tomorrow's electricity prices also look promising, with several hours where prices are very low or even negative. Here is an overview of the prices on July 5, 2024:

• 00:00-00:59: 8 öre
• 01:00-01:59: 5 öre
• 02:00-02:59: 5 öre
• 03:00-03:59: 3 öre
• 04:00-04:59: 3 öre
• 05:00-05:59: 6 öre
• 06:00-06:59: 23 öre
• 07:00-07:59: 33 öre
• 08:00-08:59: 34 öre
• 09:00-09:59: 21 öre
• 10:00-10:59: 4 öre
• 11:00-11:59: 2 öre
• 12:00-12:59: 1 öre
• 13:00-13:59: 1 öre
• 14:00-14:59: -0.19 öre (you get paid)
• 15:00-15:59: -0.03 öre (you get paid)
• 16:00-16:59: 2 öre
• 17:00-17:59: 15 öre
• 18:00-18:59: 26 öre
• 19:00-19:59: 28 öre
• 20:00-20:59: 27 öre
• 21:00-21:59: 23 öre
• 22:00-22:59: 20 öre
• 23:00-23:59: 12 öre

Tips for Saving on Electricity Costs

To maximize your savings, here are some tips on when you can perform various activities based on today's electricity prices:

Free Electricity between 14:00 and 16:00

During these hours, it costs nothing to:

• Take a bath
• Shower
• Charge your car
• Play games

Best Time to Charge Your Car

During the cheapest hour, from 16:00 to 16:59, you even get paid to charge your car. Charge your electric vehicle and get -11 öre for every kWh you consume.

Expensive Hours to Avoid

The most expensive hour today is from 00:00 to 00:59, where the electricity price is 43 öre per kWh. Here are some cost examples:

• Bath: 453 öre
• Dishwasher: 113 öre
• Charge your car: 4533 öre
• Play games: 37 öre

Interesting Facts about Electricity Prices

If we had the lowest electricity price throughout the year, it would cost -34 SEK to heat a medium-sized house of 160 sqm. This is based on an annual consumption of 18,000 kWh.

On the other hand, if we had the highest electricity price throughout the year, it would cost 13,600 SEK to heat the same house.

Summary

With today's and tomorrow's fluctuating electricity prices, there are great opportunities to save money by planning your electricity consumption. Keep an eye on the cheapest hours and avoid the most expensive ones to maximize your savings.