Electricity prices Wednesday, 18 Sep 2024

Electricity Prices in Sweden: Today's and Tomorrow's Forecast

Electricity prices in Sweden vary significantly throughout the day, impacting both household finances and energy companies' strategies. Today, on September 18, 2024, we have seen a variation in electricity prices, with the lowest prices during the night and the highest during the morning and evening hours.

Today's Electricity Prices

During the early morning hours, between 03:00 and 04:59, consumers can enjoy the lowest electricity prices at only 7 öre per kWh. This is an excellent time to run energy-intensive appliances such as dishwashers and washing machines. At this time, taking a shower costs 31 öre, a bath 47 öre, and charging an electric car 471 öre. Running a dishwasher costs only 11 öre, while playing games on a computer costs 3 öre.

The highest prices today occur between 08:00 and 08:59, as well as between 18:00 and 19:59, with prices reaching up to 38 öre per kWh. During these hours, taking a bath costs 464 öre, running a dishwasher 116 öre, and charging an electric car a whopping 4643 öre. Playing games on a computer costs 38 öre.

Tomorrow's Electricity Prices

For September 19, 2024, electricity prices are expected to be slightly more stable, with the lowest price at 7 öre per kWh between 23:00 and 23:59. This makes it advantageous for those who can plan their energy consumption for late evenings. The highest prices for tomorrow are expected to reach up to 26 öre per kWh between 08:00 and 08:59.

Tips for Saving Money

To take advantage of the lower electricity prices, it is recommended to plan energy-intensive activities such as charging the electric car, using the washing machine and dishwasher during the cheaper hours. Showering or bathing during these times can also lead to significant savings. For gaming enthusiasts, it is also a good opportunity to play games on the computer.

Interesting Facts About Electricity Prices

If we had the lowest electricity price throughout the year, it would have cost only 1415 kronor to heat a medium-sized house of 160 sqm. This compared to the highest electricity prices would cost 13931 kronor for the same energy consumption. This highlights the importance of understanding and leveraging the variations in electricity prices to optimize energy usage and save money.

Electricity prices are influenced by several factors, including weather, demand, and the availability of renewable energy. Consumers are encouraged to stay informed about price developments and adjust their energy consumption accordingly to maximize savings and reduce environmental impact.

Understanding the dynamics of electricity prices can help both households and businesses make more informed decisions about energy usage and investments in energy-saving technology.