Electricity prices Monday, 12 Aug 2024

Today's Electricity Prices in Sweden

Today, on August 12, 2024, we have seen a significant variation in electricity prices during different hours of the day. The cheapest hour was between 02:00 and 02:59, with the price of electricity being only 0.41 öre per kWh. However, the price of electricity reached its peak between 20:00 and 20:59, with a price of 80.77 öre per kWh.

Free Electricity During the Night

During the early morning hours, specifically between 00:00 and 02:59, electricity prices were so low that it was practically free to use electricity. During these hours, one could take a shower, bathe, charge the car, or play games without any cost.

Electricity Prices During the Day

From 05:00 onwards, electricity prices started to rise significantly, reaching over 3 öre per kWh. Prices continued to increase during the morning and reached 30.75 öre per kWh at 09:00. Prices then slightly decreased during the late morning but rose again in the afternoon and evening, peaking at 80.77 öre per kWh at 20:00.

Tomorrow's Electricity Prices

Tomorrow, on August 13, 2024, we see a similar trend with rising electricity prices during the day. The cheapest hour is between 00:00 and 00:59, with a price of 18.04 öre per kWh. The most expensive hour is expected to be between 19:00 and 19:59, with a price of 73.47 öre per kWh.

Tips for Saving Money

To maximize savings, it may be wise to plan energy-intensive activities during the cheapest hours. Here are some tips:

Showering and Bathing

For those who want to take a shower or a bath, it is most cost-effective to do so during the early morning hours. A shower consuming 4 kWh of energy costs -215 öre during the cheapest hour today, while the same shower costs 484 öre during the most expensive hour.

Dishwasher

Running the dishwasher during the cheapest hour costs -80 öre, compared to 121 öre during the most expensive hour. It may be worth waiting until nighttime to run the dishwasher.

Charging the Electric Car

For electric car owners, it is most economical to charge the car during the cheapest hours. Charging an electric car requiring 60 kWh of energy costs -3225 öre during the cheapest hour, while it costs 4846 öre during the most expensive hour.

Playing Games

For those who enjoy playing games on the computer, consuming 0.5 kWh of energy, it costs -26 öre during the cheapest hour, but 40 öre during the most expensive hour.

Interesting Facts About Electricity Prices

An interesting aspect to note is that if we had the lowest electricity price throughout the year, it would have cost -9675 SEK to heat a medium-sized house of 160 sqm. This is based on an annual consumption of 18000 kWh of energy. However, if we had the highest electricity price throughout the year, the same heating would have cost 14538 SEK.

In conclusion, we can see that electricity prices vary significantly throughout the day, and there are substantial savings to be made by planning energy consumption. By being aware of when electricity prices are at their lowest, one can optimize their costs and significantly reduce their expenses.