Electricity prices Thursday, 1 Aug 2024

Electricity Prices in Sweden Today: Sensationally Low Levels Overnight

August 1, 2024, offers an unusually exciting day for electricity prices in Sweden. During the night and early morning hours, electricity prices have reached sensational levels, with some hours even offering negative prices. Here is an overview of today's electricity prices hour by hour and some good advice on when to take advantage of using electricity.

Today's Electricity Prices Hour by Hour

Today, August 1, 2024, the electricity prices are as follows:

• 00:00-00:59: 1.26 öre
• 01:00-01:59: Free
• 02:00-02:59: -0.01 öre
• 03:00-03:59: -0.01 öre
• 04:00-04:59: Free
• 05:00-05:59: 2.70 öre
• 06:00-06:59: 27 öre
• 07:00-07:59: 35 öre
• 08:00-08:59: 40 öre
• 09:00-09:59: 36 öre
• 10:00-10:59: 30 öre
• 11:00-11:59: 22 öre
• 12:00-12:59: 6 öre
• 13:00-13:59: 6 öre
• 14:00-14:59: 6 öre
• 15:00-15:59: 9 öre
• 16:00-16:59: 20 öre
• 17:00-17:59: 36 öre
• 18:00-18:59: 40 öre
• 19:00-19:59: 42 öre
• 20:00-20:59: 48 öre
• 21:00-21:59: 40 öre
• 22:00-22:59: 38 öre
• 23:00-23:59: 34 öre

Free Electricity Overnight

During the early morning hours, between 01:00 and 04:59, it costs nothing to take a bath, shower, charge the car, or play games. It's an excellent time to engage in energy-intensive activities without worrying about the cost.

Electricity Prices Tomorrow: More Stable but Higher

Tomorrow, August 2, 2024, electricity prices are expected to be slightly higher but stable throughout the day. Here is an overview of tomorrow's electricity prices hour by hour:

• 00:00-00:59: 30 öre
• 01:00-01:59: 28 öre
• 02:00-02:59: 27 öre
• 03:00-03:59: 24 öre
• 04:00-04:59: 26 öre
• 05:00-05:59: 30 öre
• 06:00-06:59: 38 öre
• 07:00-07:59: 45 öre
• 08:00-08:59: 47 öre
• 09:00-09:59: 46 öre
• 10:00-10:59: 42 öre
• 11:00-11:59: 39 öre
• 12:00-12:59: 33 öre
• 13:00-13:59: 30 öre
• 14:00-14:59: 28 öre
• 15:00-15:59: 29 öre
• 16:00-16:59: 35 öre
• 17:00-17:59: 27 öre
• 18:00-18:59: 27 öre
• 19:00-19:59: 27 öre
• 20:00-20:59: 27 öre
• 21:00-21:59: 25 öre
• 22:00-22:59: 23 öre
• 23:00-23:59: 16 öre

Optimal Times for Energy-Intensive Activities

For those looking to take advantage of the low electricity prices today, the best time to engage in energy-intensive activities is during the night and early morning hours. Here are some specific examples:

• Shower: Free between 01:00 and 04:59. Consumes approximately 4 kWh of energy.
• Bath: Free between 01:00 and 04:59. Consumes approximately 6 kWh of energy.
• Dishwasher: Free between 01:00 and 04:59. Consumes approximately 1 kWh of energy.
• Charge the Electric Car: Free between 01:00 and 04:59. Consumes approximately 60 kWh of energy.
• Play Games on Computer: Free between 01:00 and 04:59. Consumes approximately 0.5 kWh of energy.

Electricity Prices During the Most Expensive Hour Today

During the most expensive hour today, between 20:00 and 20:59, the costs for energy-intensive activities are as follows:

• Shower: 193 öre (approximately 2 SEK).
• Bath: 289 öre (approximately 3 SEK).
• Dishwasher: 72 öre (approximately 1 SEK).
• Charge the Electric Car: 2897 öre (approximately 29 SEK).
• Play Games on Computer: 24 öre.

Interesting Facts About Electricity Prices

If we had the lowest electricity price throughout the year, it would have cost -2 SEK to heat a medium-sized house of 160 sqm, based on an annual consumption of 18,000 kWh. However, if we had the highest electricity price throughout the year, the cost of heating would have been 8692 SEK.

It is clear that electricity prices vary significantly throughout the day and year, and it can be very profitable to keep an eye on these to optimize energy costs.