Electricity prices Monday, 29 Jul 2024

Electricity Prices in Sweden: Free Electricity and High Peaks

Today's electricity prices offer an interesting mix of free electricity during certain hours and significantly higher costs during others. Here is a detailed overview of today's and tomorrow's electricity prices, along with some practical tips to optimize your energy consumption.

Today's Electricity Prices: From Free to High Peaks

During the early morning hours today, between 00:00 and 06:59, electricity prices have been negative, which means that consumers are essentially paid to use electricity. The cheapest hour is between 03:00 and 03:59 with a price of -1.8395 öre per kWh. This means that activities like showering, bathing, doing dishes, or charging your electric car cost nothing during this hour.

Free Electricity: Perfect Time for Energy-Intensive Activities

During the cheapest hour of the day, between 03:00 and 03:59, it is free to:

• Take a shower (consumes 4 kWh)
• Take a bath (consumes 6 kWh)
• Run the dishwasher (consumes 1 kWh)
• Charge your electric car (consumes 60 kWh)
• Play games on a computer consuming 500Wh

During these hours, you can save money by performing energy-intensive activities.

The Most Expensive Hours

Electricity prices peak between 19:00 and 21:59. The most expensive hour is between 20:00 and 20:59 with a price of 61.4089 öre per kWh. Here are some examples of costs during the most expensive hour:

• A shower costs 246 öre (consumes 4 kWh)
• A bath costs 369 öre (consumes 6 kWh)
• Running the dishwasher costs 62 öre (consumes 1 kWh)
• Charging your electric car costs 3685 öre (consumes 60 kWh)
• Playing games on a computer consuming 500Wh costs 31 öre

Tomorrow's Electricity Prices: More Stable but Still Varied

Tomorrow, July 30, 2024, electricity prices will be more stable but still with some peaks and valleys. The cheapest hour is between 13:00 and 13:59 with a price of 0.0117 öre per kWh, while the most expensive hour is between 20:00 and 20:59 with a price of 69.0392 öre per kWh.

Optimize Your Energy Consumption

To optimize your energy consumption and save money, you can plan your energy-intensive activities during the cheapest hours. Here are some tips:

• Shower, bathe, or do dishes between 13:00 and 13:59 when the electricity price is at its lowest.
• Avoid charging your electric car or using energy-intensive appliances during the most expensive hours, between 20:00 and 20:59.

Interesting Facts about Electricity Prices and Energy Consumption

Did you know that if we had the lowest electricity price all year, it would cost -10268 SEK 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, the cost to heat the same house would be 12427 SEK.

This information can be useful to understand how electricity prices affect your annual energy cost and how you can optimize your consumption to save money.

Summary

Today's electricity prices offer a unique opportunity to save money by performing energy-intensive activities during the cheapest hours. Tomorrow brings more stable prices but with some peaks to be aware of. By planning your energy consumption, you can maximize your savings and reduce your energy costs.