Richard Andersson

Richard Andersson - Mon, 23 Sep 2024 - 11:01

Economics Electricity prices
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Electricity Prices in Sweden: An Overview of Today's and Tomorrow's Costs

Today, on September 23, 2024, we see an interesting variation in electricity prices throughout the day. Starting at 18 öre per kWh at midnight, prices drop slightly during the early morning hours to reach today's lowest point at 14 öre per kWh between 10:00 PM and 10:59 PM. Prices then rise again, but end the day at a more affordable 11 öre per kWh. This is a significant difference compared to today's highest price of 40 öre per kWh, which occurred between 8:00 AM and 8:59 AM.

Plan Your Electricity Consumption Wisely

For households looking to optimize their electricity expenses, it may be wise to plan energy-intensive activities during the cheaper hours. For example, running the dishwasher during the cheapest hour today would cost only 13 öre, while the same activity during the most expensive hour would cost 77 öre. Similarly, taking a shower during the cheapest hour would cost only 36 öre, but a whopping 311 öre during the most expensive hour.

Electric Vehicle Owners: Charge at the Right Time

For electric vehicle owners, charging at the right time can lead to significant savings. Charging during the cheapest hour today costs 545 öre, while during the most expensive hour, it would cost a hefty 3113 öre. A notable difference that can make a big impact on your wallet over time.

Gaming and Bathing: Cheaper in the Evening

For those who enjoy gaming on the computer or taking a bath, the evening hours offer more value for money. Playing games costs only 4 öre during the cheapest hour and 25 öre during the most expensive. Taking a bath costs 54 öre during the cheapest hour and 311 öre during the most expensive.

Tomorrow: A Look at Tomorrow's Electricity Prices

Tomorrow, on September 24, 2024, electricity prices are expected to start at 10 öre per kWh at midnight, which is a notable decrease compared to today's start. Prices will reach their lowest point at 9 öre per kWh between 1:00 AM and 2:59 AM, offering additional opportunities for smart energy usage. During the morning hours, prices will rise and peak at 28 öre per kWh between 5:00 PM and 5:59 PM.

Trivia About Electricity Prices

Did you know that if we had the lowest electricity price throughout the year, it would only cost 1637 kronor to heat a medium-sized house of 160 square meters? This is based on an annual consumption of 18,000 kWh. At today's highest price, the same heating would cost 9341 kronor.

Summary

With the variations in today's and tomorrow's electricity prices, it is clear that planning can lead to significant savings. By adjusting when we consume the most energy, we can optimize our costs and contribute to a more balanced load on the power grid.

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Sweden's policy rate

3.5 % -0.25%

Sweden's national debt

990 661 458 165KR
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