Electricity prices Friday, 30 Aug 2024

Today's Electricity Prices: A Mix of Free Electricity and High Peaks

On August 30, 2024, Sweden offers a fascinating variety of electricity prices. During the night and early morning, consumers can enjoy free electricity and even get paid to use it. But as the day dawns and we approach the afternoon, prices rise significantly.

Free Electricity During the Night

For those who stay up late or are early risers, it's a golden opportunity to save money. Between 00:00 and 05:00, electricity prices are negative, which means you actually get paid to use electricity. Here are some examples:

• 00:00-00:59: -0.91 öre/kWh
• 01:00-01:59: -1.07 öre/kWh
• 02:00-02:59: -1.21 öre/kWh
• 03:00-03:59: -1.43 öre/kWh
• 04:00-04:59: -1.13 öre/kWh

Perfect Time to Charge Your Car and Do the Dishes

During these hours, it costs nothing to take a bath, shower, charge your car, or play games. A shower using 4 kWh of energy would actually give you back 6 öre, while a bath using 6 kWh of energy would give you 9 öre. A dishwasher using 1 kWh of energy would give you 2 öre back, and charging an electric car with 60 kWh of energy would give you 96 öre back.

Price Increases During the Day

From 06:00 onwards, electricity prices start to rise, with a peak in the evening. Here are some of the higher prices during the day:

• 06:00-06:59: 38.43 öre/kWh
• 07:00-07:59: 36.52 öre/kWh
• 18:00-18:59: 37.01 öre/kWh
• 19:00-19:59: 47.28 öre/kWh

Most Expensive Hour of the Day

The most expensive hour today is between 19:00 and 19:59. During this hour, it costs:

• 406 öre for a bath (6 kWh)
• 101 öre for a dish with the dishwasher (1 kWh)
• 4066 öre to charge an electric car (60 kWh)
• 33 öre to play games on a computer consuming 500Wh

Tomorrow's Electricity Prices: Continued Variation

On August 31, 2024, there is also an interesting mix of electricity prices, with both negative and positive values. Here is an overview:

Free Electricity Early in the Morning

Just like today, there are opportunities to get paid to use electricity during the early morning hours. Here are some examples:

• 01:00-01:59: -0.01 öre/kWh
• 02:00-02:59: -0.67 öre/kWh
• 03:00-03:59: -0.92 öre/kWh
• 04:00-04:59: -1.21 öre/kWh
• 05:00-05:59: -1.61 öre/kWh

Optimal Time for Energy-Intensive Activities

During these hours, it costs nothing to take a bath, shower, charge your car, or play games. A shower using 4 kWh of energy would give you back 6 öre, while a bath using 6 kWh of energy would give you 9 öre. A dishwasher using 1 kWh of energy would give you 2 öre back, and charging an electric car with 60 kWh of energy would give you 96 öre back.

Higher Prices During the Afternoon and Evening

From 16:00 onwards, electricity prices start to rise, with a peak in the evening. Here are some of the higher prices for tomorrow:

• 17:00-17:59: 20.98 öre/kWh
• 18:00-18:59: 35.29 öre/kWh
• 19:00-19:59: 43.81 öre/kWh
• 20:00-20:59: 37.61 öre/kWh

Most Expensive Hour Tomorrow

The most expensive hour tomorrow is between 19:00 and 19:59. During this hour, it costs:

• 263 öre for a bath (6 kWh)
• 44 öre for a dish with the dishwasher (1 kWh)
• 2630 öre to charge an electric car (60 kWh)
• 22 öre to play games on a computer consuming 500Wh

Interesting Facts About Electricity Prices

Did you know that if we had the lowest electricity price all year, it would have cost -289 SEK to heat a normal-sized house of 160 sqm? This is based on an annual consumption of 18,000 kWh of energy. Conversely, if we had the highest electricity price all year, it would have cost 12,198 SEK to heat the same house.

To optimize your electricity costs, consider planning energy-intensive activities like charging your electric car, doing the dishes, taking a bath, and showering during the cheapest hours of the day. This can lead to significant savings, especially during periods of negative electricity prices.