Today's and Tomorrow's Electricity Prices in Sweden

Richard Andersson - Fri, 20 Sep 2024 - 11:01

Economics Electricity prices

Electricity Prices in Sweden: A Glimpse into Today's and Tomorrow's Costs

September 20, 2024, offers an interesting day for electricity prices in Sweden. Starting at 11 öre per kWh early in the morning, we see a steady increase up to today's highest price of 27 öre per kWh around 08:00. Prices then gradually decrease during the day to return to 11 öre per kWh at midnight. Tomorrow, September 21, 2024, promises even lower prices, with an impressively low level of only 0 öre at lunchtime.

Detailed Price Changes Today

During the early hours of the day, from midnight to 06:00, electricity prices range between 11 and 20 öre per kWh. The most cost-effective time to use electricity is at midnight, while prices peak at 27 öre per kWh at 08:00. For those planning to use electricity-intensive appliances, it is wise to wait until the afternoon when prices drop to around 13 öre per kWh.

Free Electricity Usage During Today's Cheapest Hour

During the cheapest hour today, it costs nothing to shower, bathe, charge the car, do the dishes, or play games. It's a perfect time for households to engage in energy-consuming activities without impacting their wallets.

Costs During Today's Most Expensive Hour

During today's most expensive hour, from 08:00 to 09:00, taking a bath costs approximately 223 öre, charging an electric car 2234 öre, and running a dishwasher cycle 55 öre. This is a significant difference compared to the free hours earlier in the morning.

Tomorrow's Electricity Prices: A Different Scenario

Tomorrow, we see an even more favorable price structure. Prices start at 9 öre per kWh at midnight and dramatically drop to almost 0 öre around lunchtime. This presents significant opportunities for consumers to save on their electricity bills by planning their electricity usage during these hours.

Free Electricity Usage During Tomorrow's Cheapest Hour

Between 12:00 and 13:00 tomorrow, you can enjoy free electricity usage for activities like showering, bathing, charging the car, doing the dishes, and playing games. It's a fantastic opportunity to seize to reduce household electricity costs.

Interesting Facts about Electricity Prices and Energy Usage

If we had the lowest electricity price throughout the year, it would only cost 2 kronor to heat a typical 160 sqm house. This demonstrates the potential for savings if one can optimize their energy usage during low-price periods.

Electricity prices in Sweden fluctuate significantly depending on the time of day and demand. By being aware of these changes, consumers can make more economical choices and potentially save a substantial amount of money over time.

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Sweden's CPIF inflation

1,20 % -0.5%

Sweden's policy rate

3.5 % -0.25%

Sweden's national debt

991 592 043 932KR

Electricity prices Friday, 20 Sep 2024