Electricity prices Thursday, 26 Sep 2024

Electricity Prices in Sweden: A Day with Negative Prices and Future Outlook

Today, on September 26, 2024, Swedish electricity prices have reached unusual levels with negative prices during the night. This means that consumers in certain regions are actually getting paid to use electricity, a situation that is both rare and interesting for many households and businesses.

Free Electricity During the Night

Between midnight and early morning, electricity prices were negative, making it free to take a bath, shower, charge the car, or even play games during these hours. Specifically, the electricity price was at its lowest between 01:00 and 02:59 at -2.0031 öre per kWh. It is an excellent opportunity for night owls to take advantage of these prices to lower their electricity costs.

Electricity Prices During the Day

During the day, electricity prices rise again to more normal levels. Prices peak between 17:00 and 18:59, reaching 23.2592 öre per kWh. This means it is more cost-effective to use electricity during the early morning hours than during the afternoon and evening.

Electricity Prices Tomorrow

Tomorrow, on September 27, 2024, electricity prices are expected to stabilize somewhat. Prices start at 6.0998 öre per kWh at midnight and drop to 0 öre between 03:00 and 03:59. Prices then vary throughout the day, peaking at 15.9230 öre per kWh in the late afternoon.

Benefits of Low Electricity Prices

The low electricity prices mean it is economically advantageous to perform energy-intensive activities during the cheapest hours. For example, it costs nothing to shower or charge the electric car during the cheapest hours today. In fact, if we had the lowest electricity price all year round, it would have cost -360 SEK to heat a medium-sized house of 160 sqm.

Costs During the Most Expensive Hour Today

During the most expensive hour today, taking a bath costs 139 öre, and charging the car costs 1395 öre. This highlights the importance of planning energy usage to minimize costs.

Trivia About Electricity Prices

Did you know that if we had the highest electricity price all year round, it would have cost 4186 SEK to heat a medium-sized house of 160 sqm? This illustrates how significant the differences in electricity prices can be depending on time and conditions.

In conclusion, today's and tomorrow's electricity prices offer both challenges and opportunities for Swedish consumers. By adjusting their energy usage, one can take advantage of the lower prices and reduce their electricity costs.