Electricity prices Sunday, 7 Jul 2024

Today's Electricity Prices: Get Paid to Use Electricity During Certain Hours

Today, on July 7, 2024, we are seeing an interesting trend in electricity prices in Sweden. For several hours, electricity prices are negative, which means you actually get paid to use electricity. The cheapest hour is between 2:00 PM and 2:59 PM when the electricity price is -22.334 öre per kWh. This is an excellent opportunity for households to take advantage of cheap electricity to charge electric cars, do dishes, or take a bath.

Free Electricity During Certain Hours

During the cheapest hours today, it costs nothing to take a bath, shower, charge the car, or play games. This is between 2:00 PM and 2:59 PM. Here are some examples of what you can save:

• A shower: -89 öre (consumes 4 kWh)
• A bath: -134 öre (consumes 6 kWh)
• Dishwasher cycle: -33 öre (consumes 1 kWh)
• Charge the electric car: -1340 öre (consumes 60 kWh)
• Play games on the computer: -11 öre (consumes 0.5 kWh)

Higher Electricity Prices in the Evening

Electricity prices rise significantly in the evening. The most expensive hour today is between 9:00 PM and 9:59 PM when the electricity price is 36 öre per kWh. Here are some examples of costs during the most expensive hour:

• A shower: 14 öre (consumes 4 kWh)
• A bath: 225 öre (consumes 6 kWh)
• Dishwasher cycle: 56 öre (consumes 1 kWh)
• Charge the electric car: 2256 öre (consumes 60 kWh)
• Play games on the computer: 18 öre (consumes 0.5 kWh)

Tomorrow's Electricity Prices: A More Stable Price Outlook

Tomorrow, on July 8, 2024, electricity prices seem to be more stable but higher compared to today. Prices range between 22 and 37 öre per kWh. The cheapest hour is between 12:00 AM and 12:59 AM when the electricity price is 23 öre per kWh. The most expensive hour is between 5:00 AM and 5:59 AM with an electricity price of 38 öre per kWh.

Recommendations for Tomorrow

To save money on your electricity bill tomorrow, consider using electricity-intensive appliances during the cheaper hours. Here are some tips:

• Dishwasher: Run the dishwasher between 12:00 AM and 1:00 AM to save money.
• Electric Car: Charge the electric car late at night or early in the morning.
• Showering and Bathing: Take a shower or bath during the cheapest hours to reduce costs.

Electricity Price Trivia

Did you know that if we had the lowest electricity price all year, it would have cost -4020 SEK to heat a medium-sized house of 160 sqm? This is based on an annual energy consumption of 18,000 kWh. On the other hand, if we had the highest electricity price all year, the cost would have been 6769 SEK.

Summary

Today, on July 7, 2024, offers several hours of free electricity, which is an excellent opportunity for households to save money. Tomorrow, on July 8, 2024, electricity prices will be more stable but higher. By planning your electricity consumption, you can maximize your savings and reduce your electricity bill.