Electricity prices Saturday, 20 Jul 2024

Today's and Tomorrow's Electricity Prices in Sweden

July 20, 2024, offers a volatile electricity price market with a significant difference between expensive and cheap hours. For those looking to optimize their electricity consumption, it's important to keep track of when prices are at their lowest. Here are today's and tomorrow's electricity prices in Sweden.

Electricity Prices Today, July 20, 2024

Electricity prices vary greatly throughout the day. The early morning hours have relatively low prices, but from 06:00 onwards, prices start to rise significantly, reaching their peak in the evening. Here are some of today's electricity prices:

• 00:00-00:59: 15 öre
• 06:00-06:59: 23 öre
• 12:00-12:59: 2 öre
• 13:00-13:59: free
• 18:00-18:59: 46 öre
• 20:00-20:59: 60 öre

The cheapest hour is between 13:00 and 13:59 when it is free to use electricity for activities like showering, bathing, charging the car, or playing games. During the most expensive hour, between 20:00 and 20:59, electricity costs 60 öre per kWh.

Electricity Prices Tomorrow, July 21, 2024

Tomorrow's electricity prices also show significant variations. The cheapest hours are around midday, while the evening hours are once again the most expensive. Here are some of tomorrow's electricity prices:

• 00:00-00:59: 37 öre
• 06:00-06:59: 25 öre
• 12:00-12:59: free
• 13:00-13:59: -0.07 öre (negative price!)
• 18:00-18:59: 44 öre
• 21:00-21:59: 55 öre

The cheapest hour tomorrow is between 13:00 and 13:59, with a negative electricity price! This means you actually get paid to use electricity during this hour. The most expensive hour is between 21:00 and 21:59, with a price of 55 öre per kWh.

Economic Tips for Households

To maximize your savings and optimize your electricity consumption, you can follow these tips:

• Shower: Shower during the cheapest hour to save money. Today, taking a shower is free during the cheapest hour (13:00-13:59).
• Bath: Take a bath during the cheapest hour to save money. Today, taking a bath is free during the cheapest hour (13:00-13:59).
• Dishwasher: Run the dishwasher during the cheapest hour to save money. Today, doing the dishes is free during the cheapest hour (13:00-13:59).
• Charge the Electric Car: Charge the car during the cheapest hour to save money. Today, you even get paid (4 öre) to charge the car during the cheapest hour (13:00-13:59).
• Play Games: Play games on the computer during the cheapest hour to save money. Today, it's free to play games during the cheapest hour (13:00-13:59).

Curiosities About Electricity Prices

If we had the lowest electricity price throughout the year, it would cost -12 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 12,872 SEK to heat the same house.

Impact on Your Finances

Planning your electricity consumption around the cheapest hours can make a significant difference in your finances. Here are some examples of how much different activities cost during the cheapest and most expensive hours today:

• Shower: Free during the cheapest hour, 24 öre during the most expensive hour.
• Bath: Free during the cheapest hour, 429 öre during the most expensive hour.
• Dishwasher: Free during the cheapest hour, 107 öre during the most expensive hour.
• Charge the Electric Car: -4 öre during the cheapest hour, 4290 öre during the most expensive hour.
• Play Games: Free during the cheapest hour, 35 öre during the most expensive hour.

It's clear that there are significant savings to be made by being aware of electricity prices and planning your consumption accordingly. Keep an eye on electricity prices and adjust your usage to maximize your savings.