Electricity prices Thursday, 29 Aug 2024

Today's Electricity Prices in Sweden: August 29, 2024

Electricity prices in Sweden vary significantly throughout the day today. Prices are very low during the night and early morning hours, but rise significantly during the day and peak in the evening.

Hourly Electricity Prices

From midnight until 05:00, electricity prices range between 1 and 3 öre per kWh. At 06:00, prices start to rise and reach 6 öre per kWh. The largest price increase occurs between 07:00 and 08:00 when prices peak at 42 öre per kWh.

Prices remain high until 10:00 when they slightly drop to 16 öre per kWh. During the afternoon, prices remain stable between 5 and 7 öre per kWh, but rise sharply again at 18:00, reaching their peak at 68 öre per kWh by 20:00.

After 22:00, prices drop drastically and even become negative, meaning you get paid to use electricity. Between 23:00 and midnight, the electricity price is -0.92 öre per kWh.

Tomorrow's Electricity Prices: August 30, 2024

Tomorrow, electricity prices seem to follow a similar trend, but with even lower prices during the night and morning. From midnight until 04:00, prices are negative, meaning it's either free or you get paid to use electricity.

Prices rise to 1.84 öre per kWh at 05:00 and reach 38 öre per kWh at 06:00. Throughout the day, prices range between 2 and 4 öre per kWh, with a peak at 47 öre per kWh at 19:00.

Energy Usage Tips

Given the significant variations in electricity prices throughout the day, there are great opportunities to save money by planning your energy usage.

Free Electricity During Night Hours

During the cheapest hours of the day today, between 23:00 and midnight, it costs nothing to shower, bathe, charge your car, or play games on your computer. In fact, you get paid to use electricity during these hours!

Cost Calculations

We have calculated that during the cheapest hour of the day today, it costs:

• -5 öre to take a shower (4 kWh)
• -8 öre to take a bath (6 kWh)
• -2 öre to run the dishwasher (1 kWh)
• -85 öre to charge the car (60 kWh)
• 0 öre to play games on the computer (0.5 kWh)

Higher Prices During the Evening

During the most expensive hours of the day today, between 19:00 and 20:00, electricity prices peak at 68 öre per kWh. During these hours, it costs:

• 406 öre to take a bath (6 kWh)
• 101 öre to run the dishwasher (1 kWh)
• 4061 öre to charge the car (60 kWh)
• 33 öre to play games on the computer (0.5 kWh)

Fascinating Facts About Electricity Prices

If we had the lowest electricity price throughout the year, it would cost -256 SEK to heat a medium-sized house of 160 sqm. This is based on an annual energy consumption of 18,000 kWh.

However, if we had the highest electricity price throughout the year, the cost to heat the same house would be 12,183 SEK.

In conclusion, by planning your energy usage, you can not only save money but also take advantage of the negative electricity prices during the night. It's a good idea to charge your electric car, do the dishes, and take long showers or baths during the hours when electricity is cheapest or even free.