Electricity prices Thursday, 17 Oct 2024

Electricity Prices in Sweden: Sensationally Low Prices Today and Tomorrow

Today, on October 17, 2024, Sweden is experiencing an unusual situation with electricity prices close to zero or even negative for several hours. This means that consumers not only save money but in some cases actually get paid to use electricity. Tomorrow is expected to continue the trend of low prices, but some hours will be significantly more expensive.

Today's Electricity Prices: A Chance for Free Energy

During the night and early morning hours today, between 01:00 and 05:59, as well as 20:00-23:59, electricity prices are extremely low or negative. It costs nothing to take a bath, shower, charge the car, or play games during these hours. The cheapest hour, from 23:00-23:59, actually means getting paid to use electricity, providing a unique opportunity for consumers to save money.

Practical Tips to Take Advantage of Low Electricity Prices

With electricity prices like these, it may be wise to plan energy-intensive activities during the hours when electricity is cheapest. Here are some examples:

• Shower: During the cheapest hour, a shower costs -9 cents.
• Bath: Taking a bath costs -13 cents.
• Dishwasher: Running the dishwasher costs -3 cents.
• Charge the electric car: Charging costs -137 cents.
• Play games: Playing games costs -1 cent.

Tomorrow's Electricity Prices: Variations to Plan For

Tomorrow, on October 18, 2024, electricity prices will vary more. The early morning hours, especially between 00:00 and 04:59, will have negative prices, making it advantageous to use electricity then. During the day, from 07:00 to 19:59, prices rise significantly, with a peak of 20 cents per kWh between 17:00 and 17:59.

Expensive Hours to Avoid Tomorrow

To minimize costs, it may be good to avoid energy-intensive activities during the most expensive hours. Some examples of costs during these hours are:

• Bath: Taking a bath costs 121 cents during the most expensive hour today.
• Dishwasher: Running the dishwasher costs 30 cents.
• Charge the electric car: Charging costs 1217 cents.
• Play games: Playing games costs 10 cents.

Interesting Facts About Electricity Prices and Consumption

It is fascinating to think about how electricity prices impact our daily lives. If we had the lowest electricity price all year, it would have cost -411 kronor to heat a medium-sized house of 160 sqm. This contrasts sharply with if we had the highest electricity price all year, which would have cost 3651 kronor.

This price variation highlights the importance of being aware of electricity prices and planning energy use accordingly. By taking advantage of the cheapest hours, consumers can not only save money but also contribute to a more balanced energy consumption.